Turkey: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Turkey

The Turkish preparations for animal feeding market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a remarkable increase. Preparations for animal feeding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Turkey

In value terms, preparations for animal feeding production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Preparations for animal feeding production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Turkey

In 2022, shipments abroad of preparations used in animal feeding increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports soared to $X in 2022. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for preparations for animal feeding exports from Turkey, with a X% share of total exports. Moreover, preparations for animal feeding exports to Iraq exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. Tunisia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Iraq ($X), Syrian Arab Republic ($X) and Russia ($X) were the largest markets for preparations for animal feeding exported from Turkey worldwide, with a combined X% share of total exports. Tunisia and Turkmenistan lagged somewhat behind, together accounting for a further X%.

Tunisia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 preparations for animal feeding export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Iraq ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Preparations Used In Animal Feeding

Imports into Turkey

For the fourth consecutive year, Turkey recorded growth in overseas purchases of preparations used in animal feeding, which increased by X% to X tons in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, preparations for animal feeding imports surged to $X in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Brazil (X tons) and China (X tons) were the main suppliers of preparations for animal feeding imports to Turkey, together comprising X% of total imports. Hungary, Poland, Italy, Russia, Vietnam, Germany, the Netherlands, Spain, the United States and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of preparations used in animal feeding to Turkey, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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