Turkey - Biological Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBiological Product Price in Turkey - 2023
Contents:
- Biological Product Price in Turkey (CIF) - 2022
- Biological Product Price in Turkey (FOB) - 2022
- Biological Product Imports in Turkey
- Biological Product Exports in Turkey
Biological Product Price in Turkey (CIF) - 2022
In 2022, the average biological product import price amounted to $433,754 per ton, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 30%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($4,344,517 per ton), while the price for Singapore ($44,788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Biological Product Price in Turkey (FOB) - 2022
In 2022, the average biological product export price amounted to $158,586 per ton, rising by 78% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2014 an increase of 895%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($629,085 per ton), while the average price for exports to Syrian Arab Republic ($3,098 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Biological Product Imports in Turkey
In 2022, biological product imports into Turkey fell notably to 3.8K tons, with a decrease of -65.5% compared with the year before. In general, imports faced a deep setback. The growth pace was the most rapid in 2021 when imports increased by 105%. As a result, imports reached the peak of 11K tons, and then fell sharply in the following year.
In value terms, biological product imports fell rapidly to $1.7B in 2022. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 84%. As a result, imports reached the peak of $4B, and then shrank significantly in the following year.
| Import of Biological Product in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 395 | 578 | 339 | 452 | 4.6% |
| Germany | 332 | 351 | 450 | 308 | -2.5% |
| United States | 266 | 228 | 231 | 215 | -6.8% |
| Ireland | 126 | 140 | 165 | 164 | 9.2% |
| Singapore | N/A | 15.3 | 29.3 | 70.3 | 114.4% |
| Italy | 85.2 | 100 | 111 | 52.2 | -15.1% |
| Austria | 66.8 | 54.8 | 47.5 | 49.6 | -9.4% |
| Netherlands | 49.3 | 44.4 | 33.1 | 29.0 | -16.2% |
| France | 222 | 131 | 129 | 27.6 | -50.1% |
| Spain | 41.6 | 48.5 | 41.3 | 24.1 | -16.6% |
| China | 13.5 | 65.9 | 773 | 20.7 | 15.3% |
| United Kingdom | 26.6 | 14.8 | 11.7 | 6.6 | -37.2% |
| Israel | 9.7 | 11.7 | 10.3 | 1.9 | -41.9% |
| Others | 362 | 367 | 1,590 | 244 | -12.3% |
| Total | 1,995 | 2,151 | 3,963 | 1,664 | -5.9% |
Top Suppliers of Biological Product to Turkey in 2022:
- Singapore (1569.5 tons)
- Germany (615.5 tons)
- United States (347.3 tons)
- Spain (260.1 tons)
- China (111.5 tons)
- South Korea (104.0 tons)
- Ireland (94.6 tons)
- United Kingdom (76.9 tons)
- Austria (67.7 tons)
- Netherlands (66.8 tons)
- France (63.5 tons)
- Italy (59.5 tons)
- Israel (48.0 tons)
Biological Product Exports in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of biological products, when their volume decreased by -42.9% to 3.4K tons. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports reached the peak of 6K tons, and then reduced rapidly in the following year.
In value terms, biological product exports amounted to $541M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $652M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Biological Product in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 391 | 605 | 356 | 428 | 3.1% |
| Hungary | 0.2 | 0.2 | 0.1 | 53.5 | 544.3% |
| Germany | 0.6 | 0.6 | 8.7 | 13.3 | 180.9% |
| Iran | 12.6 | 8.9 | 5.5 | 8.5 | -12.3% |
| Azerbaijan | 3.3 | 3.1 | 95.0 | 6.9 | 27.9% |
| Pakistan | 0.4 | 0.5 | 0.9 | 5.2 | 135.1% |
| Iraq | 1.6 | 2.0 | 2.6 | 2.3 | 12.9% |
| Vietnam | 0.2 | 0.2 | 5.7 | 2.3 | 125.7% |
| Cyprus | 3.6 | 3.2 | 2.0 | 1.2 | -30.7% |
| South Africa | 0.9 | 1.3 | 1.3 | 0.5 | -17.8% |
| Syrian Arab Republic | 4.7 | 2.0 | 3.4 | 0.4 | -56.0% |
| Uzbekistan | 0.6 | 1.2 | 0.4 | 0.2 | -30.7% |
| Others | 20.4 | 24.7 | 50.6 | 18.7 | -2.9% |
| Total | 440 | 652 | 532 | 541 | 7.1% |
Top Export Markets for Biological Product from Turkey in 2022:
- Iran (874.0 tons)
- South Korea (680.8 tons)
- Hungary (486.4 tons)
- Cyprus (376.3 tons)
- Vietnam (142.7 tons)
- Syrian Arab Republic (138.2 tons)
- Germany (108.3 tons)
- Iraq (75.5 tons)
- Azerbaijan (72.7 tons)
- Pakistan (67.7 tons)
- South Africa (50.4 tons)
- Uzbekistan (34.7 tons)
This report provides an in-depth analysis of the biological product 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 21202120 -
- Prodcom 21202140 -
- Prodcom 21202145 - Vaccines for human medicine
- Prodcom 21202160 - Vaccines for veterinary medicine
- Prodcom 21106055 - Human blood, animal blood prepared for therapeutic, p rophylactic or diagnostic uses, cultures of micro-organisms, t oxins (excluding yeasts)
- Prodcom 21202320 - Blood-grouping reagents
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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