Turkey: Lard Market Overview 2021

Lard Market Size in Turkey

After three years of decline, the Turkish lard market increased by X% to $X in 2019. Over the period under review, consumption continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Lard Production in Turkey

In value terms, lard production surged to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lard production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Lard Exports

Exports from Turkey

In 2019, exports of lard from Turkey dropped notably to X kg, falling by -X% compared with 2018. Overall, exports showed a sharp slump. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, lard exports reduced markedly to $X in 2019. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

France (X tonnes) was the main destination for lard exports from Turkey, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to France was relatively modest.

From 2012 to 2018, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2018, the average lard export price amounted to $X per tonne, leveling off at the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2018, the rate of growth in terms of prices for France amounted to X% per year.

Lard Imports

Imports into Turkey

In 2019, imports of lard into Turkey stood at X kg, approximately reflecting the previous year's figure. Overall, imports saw a relatively flat trend pattern. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, lard imports stood at $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X kg), Brazil (X kg) and the Netherlands (X kg) were the main suppliers of lard imports to Turkey, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in the Netherlands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lard suppliers to Turkey were Germany ($X), Brazil ($X) and the Netherlands ($X terms of the main suppliers, the Netherlands saw the highest rates of growth with regard to 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 lard import price stood at $X per tonne in 2019, approximately mirroring the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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 lard in the world?

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China (5.3M tonnes) constituted the country with the largest volume of lard consumption, comprising approx. 56% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Brazil (518K tonnes), tenfold. The third position in this ranking was occupied by Germany (505K tonnes), with a 5.4% share.

What are the largest producers of lard in the world?

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China (5.3M tonnes) constituted the country with the largest volume of lard production, accounting for 56% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany (538K tonnes), tenfold. Brazil (520K tonnes) ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of lard to Turkey?

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In value terms, Germany ($198), Brazil ($115) and the Netherlands ($92) were the largest lard suppliers to Turkey.

What is the average export price for lard in Turkey?

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The average lard export price stood at $803 per tonne in 2018, approximately equating the previous year.

What is the average import price for lard in Turkey?

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The average lard import price stood at $2,074 per tonne in 2019, approximately equating the previous year.