Report Update: May 1, 2024

Turkey - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Bacon and Ham Price in Turkey - 2023

Bacon and Ham Price in Turkey (CIF) - 2022

In 2022, the average bacon and ham import price amounted to $4,875 per ton, picking up by 7.9% against the previous year. Overall, the import price posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 20%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,875 per ton), while the price for Germany amounted to $4,819 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Bacon and Ham Price in Turkey (FOB) - 2022

The average bacon and ham export price stood at $4,776 per ton in 2022, increasing by 2.9% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 32%. The export price peaked at $21,279 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($4,972 per ton) and Bahamas ($4,961 per ton), while the average price for exports to Antigua and Barbuda ($4,389 per ton) and Portugal ($4,489 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon and Ham Imports in Turkey

For the fourth consecutive year, Turkey recorded growth in purchases abroad of bacon, ham and other dried, salted or smoked pig meat, which increased by 12% to 66 tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, bacon and ham imports soared to $320K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Bacon and Ham in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	129	195	250	278	29.2%
Germany	27.7	18.7	9.4	37.9	11.0%
Others	7.7	N/A	5.4	3.9	-20.3%
Total	164	213	264	320	25.0%

Top Suppliers of Bacon and Ham to Turkey in 2022:

Netherlands (57.0 tons)
Germany (7.9 tons)

Bacon and Ham Exports in Turkey

In 2022, approx. 64 tons of bacon, ham and other dried, salted or smoked pig meat were exported from Turkey; rising by 16% compared with the previous year's figure. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 457%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, bacon and ham exports soared to $308K in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 501%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Bacon and Ham in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Liberia	3.3	36.5	48.7	59.0	161.5%
Marshall Islands	4.1	27.2	37.6	47.9	126.9%
Malta	3.3	31.6	36.9	46.4	141.4%
Panama	3.6	23.1	32.0	33.4	110.1%
Bahamas	2.7	11.3	10.9	11.6	62.6%
Russia	0.4	4.0	6.9	11.2	203.7%
Portugal	0.5	4.3	5.8	10.4	175.0%
Singapore	0.7	8.4	10.8	9.8	141.0%
Greece	1.5	12.1	5.9	9.6	85.7%
Hong Kong SAR	N/A	4.9	7.8	8.2	29.4%
Antigua and Barbuda	0.5	4.5	4.9	6.4	133.9%
Netherlands	0.5	3.9	3.9	5.8	126.4%
Norway	0.6	0.9	3.6	5.4	108.0%
Others	12.8	34.0	42.0	42.5	49.2%
Total	34.4	207	258	308	107.6%

Top Export Markets for Bacon and Ham from Turkey in 2022:

Liberia (12.6 tons)
Marshall Islands (10.0 tons)
Malta (9.7 tons)
Panama (6.8 tons)
Portugal (2.3 tons)
Bahamas (2.3 tons)
Russia (2.3 tons)
Singapore (2.1 tons)
Greece (2.0 tons)
Hong Kong SAR (1.8 tons)
Antigua and Barbuda (1.5 tons)
Netherlands (1.3 tons)
Norway (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bacon and ham market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023