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Turkey - Frozen Salmonoids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Salmonoids Price in Turkey - 2023
Contents:
- Frozen Salmonoids Price in Turkey (FOB) - 2023
- Frozen Salmonoids Price in Turkey (CIF) - 2022
- Frozen Salmonoids Exports in Turkey
- Frozen Salmonoids Imports in Turkey
Frozen Salmonoids Price in Turkey (FOB) - 2023
The average frozen salmonoids export price stood at $3,795 per ton in July 2023, waning by -3.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices hit record highs at $4,120 per ton in October 2022; however, from November 2022 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Russia.
From July 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to +0.8% per month.
Frozen Salmonoids Price in Turkey (CIF) - 2022
In 2022, the average frozen salmonoids import price amounted to $4,500 per ton, standing approx. at the previous year. Over the period under review, import price indicated a remarkable increase from 2015 to 2022: its price increased at an average annual rate of +7.3% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen salmonoids import price increased by +75.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,011 per ton), while the price for Spain ($2,226 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Salmonoids Exports in Turkey
In 2022, the amount of frozen salmonoids exported from Turkey soared to 68 tons, increasing by 33% against 2021 figures. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 599%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, frozen salmonoids exports skyrocketed to $225K in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 516% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Frozen Salmonoids in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Liberia | 7.7 | 9.6 | 32.3 | 58.7 | 96.8% |
Marshall Islands | 0.8 | 2.2 | 29.4 | 53.4 | 305.6% |
Malta | 1.9 | 5.0 | 15.5 | 28.2 | 145.8% |
Panama | 1.6 | 3.6 | 13.0 | 23.7 | 145.6% |
Hong Kong SAR | 0.4 | 0.4 | 12.3 | 22.4 | 282.6% |
Bahamas | 0.7 | 1.8 | 11.3 | 20.5 | 208.2% |
Russia | 0.3 | 2.3 | 6.5 | 11.8 | 240.1% |
Denmark | N/A | N/A | 7.9 | N/A | 0% |
Others | 2.8 | 5.5 | 59.3 | 6.3 | 31.0% |
Total | 16.1 | 30.5 | 188 | 225 | 140.9% |
Top Export Markets for Frozen Salmonoids from Turkey in 2022:
- Liberia (17.9 tons)
- Marshall Islands (13.0 tons)
- Malta (10.8 tons)
- Panama (7.7 tons)
- Bahamas (6.9 tons)
- Hong Kong SAR (5.4 tons)
- Russia (4.9 tons)
Frozen Salmonoids Imports in Turkey
In 2022, after three years of growth, there was significant decline in overseas purchases of frozen salmonoids, when their volume decreased by -28.7% to 12 tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of 16 tons, and then dropped sharply in the following year.
In value terms, frozen salmonoids imports declined markedly to $53K in 2022. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2021 when imports increased by 161%. As a result, imports attained the peak of $73K, and then reduced notably in the following year.
Import of Frozen Salmonoids in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.2 | 4.9 | 29.9 | 25.3 | 31.2% |
Netherlands | 5.6 | 10.7 | 13.5 | 12.2 | 29.6% |
United States | 13.9 | 1.7 | 12.1 | 10.1 | -10.1% |
Vietnam | 2.2 | 1.6 | 2.0 | 2.4 | 2.9% |
Indonesia | 0.6 | 0.4 | 1.7 | 1.5 | 35.7% |
Spain | 1.0 | 0.1 | 0.9 | 0.8 | -7.2% |
Norway | N/A | N/A | 5.9 | N/A | 0% |
Iceland | N/A | N/A | 4.8 | N/A | 0% |
United Arab Emirates | N/A | 7.5 | N/A | N/A | 0% |
Others | 0.7 | 1.2 | 2.4 | 0.3 | -24.6% |
Total | 35.2 | 28.1 | 73.3 | 52.5 | 14.3% |
Top Suppliers of Frozen Salmonoids to Turkey in 2022:
- China (5.1 tons)
- Netherlands (3.3 tons)
- United States (1.4 tons)
- Vietnam (0.9 tons)
- Indonesia (0.5 tons)
- Spain (0.4 tons)
This report provides an in-depth analysis of the frozen salmonoids market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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