Turkey - Lard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLard Price in Turkey - 2023
Contents:
- Lard Price in Turkey (FOB) - 2022
- Lard Price in Turkey (CIF) - 2022
- Lard Exports in Turkey
- Lard Imports in Turkey
Lard Price in Turkey (FOB) - 2022
The average lard export price stood at $4,519 per ton in 2022, with an increase of 158% against the previous year. Overall, the export price posted modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($19,333 per ton), while the average price for exports to Germany ($500 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Lard Price in Turkey (CIF) - 2022
In 2022, the average lard import price amounted to $3,426 per ton, approximately equating the previous year. In general, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 151% against the previous year. As a result, import price reached the peak level of $5,480 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +5.9% per year.
Lard Exports in Turkey
After two years of growth, shipments abroad of lard decreased by -0.8% to 129 kg in 2022. The total export volume increased at an average annual rate of +3.7% over the period from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8.3%. As a result, the exports reached the peak of 130 kg, leveling off in the following year.
In value terms, lard exports soared to $583 in 2022. Over the period under review, exports, however, saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lard in Turkey (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | N/A | N/A | 121 | 0% | |
| Azerbaijan | N/A | N/A | 116 | 0% | |
| Saint Vincent and the Grenadines | N/A | 35.0 | 70.0 | 100.0% | |
| Cook Islands | N/A | N/A | 68.0 | 0% | |
| Liberia | 89.0 | 29.0 | 31.0 | -41.0% | |
| Panama | N/A | 17.0 | 30.0 | 76.5% | |
| Lebanon | N/A | N/A | 21.0 | 0% | |
| Marshall Islands | 64.0 | N/A | 18.0 | -47.0% | |
| Croatia | N/A | 46.0 | 17.0 | -63.0% | |
| Portugal | N/A | N/A | 14.0 | 0% | |
| Luxembourg | N/A | N/A | 14.0 | 0% | |
| Palau | N/A | N/A | 12.0 | 0% | |
| Germany | N/A | N/A | 5.0 | 0% | |
| Others | 200 | 101 | 46.0 | -52.0% | |
| Total | 353 | 228 | 583 | 28.5% | |
Top Export Markets for Lard from Turkey in 2022:
- Saint Vincent and the Grenadines (20.0 kg)
- Cook Islands (20.0 kg)
- Singapore (16.0 kg)
- Panama (10.0 kg)
- Germany (10.0 kg)
- Liberia (9.0 kg)
- Lebanon (7.0 kg)
- Azerbaijan (6.0 kg)
- Croatia (5.0 kg)
- Marshall Islands (5.0 kg)
- Palau (4.0 kg)
- Portugal (4.0 kg)
- Luxembourg (4.0 kg)
Lard Imports in Turkey
In 2022, approx. 61 kg of lard were imported into Turkey; reducing by -53.8% against 2021 figures. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 780%.
In value terms, lard imports fell significantly to $209 in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 909%. As a result, imports reached the peak of $454, and then dropped rapidly in the following year.
| Import of Lard in Turkey (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 405 | 45.0 | 454 | 209 | -19.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 405 | 45.0 | 454 | 209 | -19.8% |
Top Suppliers of Lard to Turkey in 2022:
- Germany (61.0 kg)
This report provides an in-depth analysis of the lard 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:
- FCL 1043 - Lard
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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Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4055
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3912
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2284
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
708
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4055
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3912
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2284
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
