Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $8,192 per ton in December 2023, surging by 14% against the previous month. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $8,858 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From April 2023 to December 2023, the rate of growth in terms of prices for Poland amounted to +0.7% per month.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $10,661 per ton in 2022, jumping by 16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 20%. The export price peaked at $13,893 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
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 Iraq ($11,466 per ton), while the average price for exports to Qatar ($5,359 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 the United Arab Emirates (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey
For the third consecutive year, Turkey recorded decline in purchases abroad of fresh or chilled boneless cuts of bovine meat, which decreased by -67.3% to 400 tons in 2022. Over the period under review, imports faced a significant decline. The smallest decline of -37.5% was in 2020.
In value terms, imports of fresh or chilled boneless cuts of bovine meat dropped remarkably to $3M in 2022. Overall, imports showed a sharp contraction. The smallest decline of -12.3% was in 2020.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 0.6 | 14.8 | 7.1 | 3.0 | 71.0% |
| Serbia | 2.4 | 8.2 | N/A | N/A | 241.7% |
| Brazil | 16.8 | 1.7 | N/A | N/A | -89.9% |
| Ukraine | 8.7 | 0.1 | 0.1 | N/A | -89.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.4 | 24.9 | 7.2 | 3.0 | -52.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Turkey in 2022:
- Bosnia and Herzegovina (400.0 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey
In 2022, approx. 8.5 tons of fresh or chilled boneless cuts of bovine meat were exported from Turkey; which is down by -17.9% compared with 2021. In general, exports saw a sharp decline. The smallest decline of -11.2% was in 2021.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted modestly to $91K in 2022. Over the period under review, exports recorded a dramatic shrinkage.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 161 | 6.3 | 12.4 | 71.1 | -23.8% |
| Azerbaijan | 11.7 | 15.1 | 6.6 | 13.3 | 4.4% |
| Qatar | 87.2 | 31.4 | 18.7 | 5.4 | -60.4% |
| United Arab Emirates | N/A | 7.7 | 25.0 | 1.0 | -64.0% |
| Cyprus | 78.9 | 12.4 | N/A | N/A | -84.3% |
| Oman | 0.5 | 41.6 | 32.6 | N/A | 707.5% |
| Others | N/A | 2.0 | N/A | N/A | 0% |
| Total | 340 | 117 | 95.3 | 90.8 | -35.6% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Turkey in 2022:
- Iraq (6.2 tons)
- Azerbaijan (1.2 tons)
- Qatar (1.0 tons)
- United Arab Emirates (0.1 tons)
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