Turkey: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Turkey

The Turkish market for caviar (salmon) and caviar substitutes rose modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced reduction. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Turkey

In value terms, caviar (salmon) and caviar substitutes production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Caviar (salmon) and caviar substitutes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Turkey

In 2022, after two years of growth, there was significant decline in overseas shipments of caviar (salmon) and caviar substitutes, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, caviar (salmon) and caviar substitutes exports contracted rapidly to $X in 2022. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Japan (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Turkey, accounting for a X% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to Japan exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. The third position in this ranking was held by Malta (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Malta (X.3% per year).

In value terms, Japan ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Malta, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Malta (X.5% per year).

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Japan ($X 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 Romania (X%), while the prices for the other major destinations experienced a decline.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Turkey

For the fourth year in a row, Turkey recorded growth in overseas purchases of caviar (salmon) and caviar substitutes, which increased by X% to X tons in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Iceland (X tons) constituted the largest supplier of caviar (salmon) and caviar substitutes to Turkey, with a X% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from Iceland exceeded the figures recorded by the second-largest supplier, Peru (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iceland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

In value terms, Iceland ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Turkey, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Iceland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, caviar (salmon) and caviar substitutes import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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