Latest Report Update: Apr 19, 2021

Turkey - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Animal Fats Market Overview 2021

Animal Fats Market Size in Turkey

The Turkish animal fats market shrank to $X in 2019, with a decrease of -X% against the previous year. Overall, consumption, however, showed a slight decrease. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a lower figure.

Animal Fats Production in Turkey

In value terms, animal fats production reduced to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2019, production growth failed to regain the momentum.

Animal Fats Exports

Exports from Turkey

Animal fats exports from Turkey stood at X tonnes in 2019, standing approx. at 2018. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, animal fats exports totaled $X in 2019. Overall, exports showed a relatively flat trend pattern. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

Morocco (X tonnes) was the main destination for animal fats exports from Turkey, accounting for a X% share of total exports. Moreover, animal fats exports to Morocco exceeded the volume sent to the second major destination, Germany (X kg), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Iraq (X% per year).

In value terms, the largest markets for animal fats exported from Turkey were Iraq ($X), Morocco ($X) and Germany ($X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average animal fats export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked in 2019 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Iraq ($X per tonne), while the average price for exports to Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Morocco, while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Turkey

In 2019, approx. X tonnes of animal fats and oils were imported into Turkey; reducing by -X% against the previous year's figure. In general, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, animal fats imports reduced remarkably to $X in 2019. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of animal fats to Turkey, with a X% share of total imports. Moreover, animal fats imports from Germany exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), threefold. The U.S. (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and the U.S. (-X% per year).

In value terms, the largest animal fats suppliers to Turkey were Chile ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

Spain saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average animal fats import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price showed a significant increase. The growth pace was the most rapid in 2016 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?
+
China (400K tonnes) remains the largest animal fats consuming country worldwide, comprising approx. 16% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (184K tonnes), twofold. Italy (160K tonnes) ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of animal fats and oils in the world?
+
China (404K tonnes) remains the largest animal fats producing country worldwide, comprising approx. 16% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S. (183K tonnes), twofold. The third position in this ranking was occupied by Italy (160K tonnes), with a 6.3% share.
What are the leading suppliers of animal fats and oils to Turkey?
+
In value terms, the largest animal fats suppliers to Turkey were Chile ($60K), Germany ($43K) and Spain ($25K), with a combined 85% share of total imports.
What are the leading importers of animal fats and oils from Turkey?
+
In value terms, the largest markets for animal fats exported from Turkey were Iraq ($4.2K), Morocco ($2.7K) and Germany ($1.2K).
What is the average export price for animal fats and oils in Turkey?
+
The average animal fats export price stood at $3,364 per tonne in 2019, remaining relatively unchanged against the previous year.
What is the average import price for animal fats and oils in Turkey?
+
In 2019, the average animal fats import price amounted to $28,083 per tonne, picking up by 172% against the previous year.

Product coverage:
• Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the animal fats 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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