Turkey: Ghee Market 2024

Ghee Market Size in Turkey

In 2022, the Turkish ghee market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a dramatic contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Ghee Production in Turkey

In value terms, ghee production fell to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Ghee production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Ghee Exports

Exports from Turkey

In 2022, approx. X tons of ghee were exported from Turkey; jumping by X% against the previous year. In general, exports showed significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ghee exports surged to $X in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Egypt (X tons) was the main destination for ghee exports from Turkey, accounting for a X% share of total exports. Moreover, ghee exports to Egypt exceeded the volume sent to the second major destination, Lebanon (X tons), fourfold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and Qatar (X% per year).

In value terms, Egypt ($X) remains the key foreign market for ghee exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average ghee export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated temperate growth 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. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Georgia ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Turkey

In 2022, imports of ghee into Turkey contracted rapidly to X tons, shrinking by X% against the previous year's figure. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, ghee imports dropped markedly to $X in 2022. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest ghee supplier to Turkey, with a X% share of total imports. Moreover, ghee imports from Germany exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Kenya (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Kenya (X,600.0% per year).

In value terms, Germany ($X) constituted the largest supplier of ghee to Turkey, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with an X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Kenya (X,280.0% per year).

Import Prices by Country

The average ghee import price stood at $X per ton in 2022, waning by X% against the previous year. In general, import price indicated a modest expansion 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, ghee import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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