Turkey: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Turkey

In 2022, the Turkish market for salted, dried or smoked meat, and offal was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a pronounced downturn. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Turkey

In value terms, production of salted, dried or smoked meat, and offal declined markedly to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Turkey

In 2022, the amount of salted, dried or smoked meat, and offal exported from Turkey soared to X tons, surging by X% on 2021 figures. In general, exports, however, recorded a noticeable decline. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal surged to $X in 2022. Overall, exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), the United Arab Emirates (X tons) and Liberia (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Turkey, with a combined X% share of total exports. Marshall Islands, Malta, Panama, Kuwait, Singapore, Bahamas, Greece, Portugal, Vietnam and Thailand lagged somewhat behind, together accounting for a further X%.

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

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for salted, dried or smoked meat, and offal exports from Turkey, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Liberia (X% per year).

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 Thailand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Turkey

For the third consecutive year, Turkey recorded growth in overseas purchases of salted, dried or smoked meat, and offal, which increased by X% to X tons in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. In general, imports showed strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Turkey, with a X% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with an X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Turkey, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Belgium ($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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