Turkey: Organ Extracts Market 2024

Organ Extracts Market Size in Turkey

In 2022, the Turkish organ extracts market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Organ Extracts Production in Turkey

In value terms, organ extracts production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Organ extracts production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Organ Extracts Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in shipments abroad of extracts of glands or other organs or of their secretions, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, organ extracts exports shrank markedly to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for organ extracts exports from Turkey, accounting for a X% share of total exports. It was followed by the UK (X kg), with less than X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Greece totaled X%.

In value terms, Greece ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Turkey, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with less than X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Greece stood at X%.

Export Prices by Country

The average organ extracts export price stood at $X per kg in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a dramatic descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per kg in 2014; however, from 2015 to 2022, the export prices remained at a 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 Greece ($X per kg), while the average price for exports to the UK amounted to $X per kg.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Organ Extracts Imports

Imports into Turkey

In 2022, purchases abroad of extracts of glands or other organs or of their secretions increased by X% to X kg, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, organ extracts imports declined to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X kg), the UK (X kg) and Japan (X kg) were the main suppliers of organ extracts imports to Turkey, together comprising X% of total imports. The United States, Denmark, France, Qatar and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Turkey, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average organ extracts import price amounted to $X per kg, reducing by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per kg in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per kg), while the price for Switzerland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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