Turkey: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Turkey

The Turkish market for frozen pig meat other than cuts or carcases contracted to $X in 2022, falling by -6.7% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Turkey

In value terms, production of frozen pig meat other than cuts or carcases declined modestly to $X in 2022 estimated in export price. In general, production, however, showed a moderate increase. The growth pace was the most rapid in 2018 with an increase of 23%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Turkey

In 2022, the amount of frozen pig meat other than cuts or carcases exported from Turkey soared to X tons, growing by 17% against the year before. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of frozen pig meat other than cuts or carcases expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Liberia (X tons), Marshall Islands (X tons) and Malta (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Turkey, with a combined 53% share of total exports. Panama, Russia, Portugal, Bahamas, Singapore, Greece, Hong Kong SAR and Antigua and Barbuda lagged somewhat behind, together accounting for a further 33%.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Turkey were Liberia ($X), Marshall Islands ($X) and Malta ($X), together accounting for 52% of total exports. Panama, Russia, Portugal, Bahamas, Singapore, Greece, Hong Kong SAR and Antigua and Barbuda lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Portugal, with a CAGR of +54.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, shrinking by -3.9% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2.7% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Panama ($X per ton), while the average price for exports to Greece ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Turkey

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported into Turkey; rising by 20% compared with 2021 figures. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of frozen pig meat other than cuts or carcases skyrocketed to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Turkey, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +229.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Brazil ($X) and Italy ($X) appeared to be the largest frozen pig meat other than cuts or carcases suppliers to Turkey, with a combined 79% share of total imports.

Among the main suppliers, Italy, with a CAGR of +228.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, shrinking by -4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 9.9%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the price for Brazil ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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