Price for Cattle; Live, Pure-Bred Breeding Animals in Turkey - 2023

Price for Cattle; Live, Pure-Bred Breeding Animals in Turkey (CIF) - 2023

The average import price for cattle; live, pure-bred breeding animalses stood at $2,820 per unit in July 2023, reducing by -2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 26% month-to-month. The import price peaked at $2,878 per unit in June 2023, and then fell in the following month.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Austria ($3,382 per unit) and the Netherlands ($3,000 per unit), while the price for Hungary ($2,590 per unit) and the United States ($2,713 per unit) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cattle; Live, Pure-Bred Breeding Animals in Turkey (FOB) - 2023

In April 2023, the average export price for cattle; live, pure-bred breeding animalses amounted to $3,000 per unit, remaining relatively unchanged against the previous month. Overall, the export price recorded a temperate increase. The most prominent rate of growth was recorded in November 2022 an increase of 5.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,338 per unit in February 2023; afterwards, it flattened through to April 2023.

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

From May 2022 to April 2023, the rate of growth in terms of prices for Azerbaijan amounted to +3.1% per month.

Imports of Cattle; Live, Pure-Bred Breeding Animals in Turkey

In 2022, the amount of cattle; live, pure-bred breeding animalses imported into Turkey dropped to 23K units, shrinking by -4.2% compared with the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +36.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports attained the peak of 24K units, and then contracted in the following year.

In value terms, cattle; live, pure-bred breeding animals imports shrank to $46M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of $54M, and then dropped in the following year.

Import of Cattle; Live, Pure-Bred Breeding Animals in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3.8	6.9	10.3	11.6	45.1%
Uruguay	3.7	3.7	5.2	9.4	36.5%
Austria	2.3	1.8	2.9	6.9	44.2%
Denmark	0.3	0.4	3.2	6.0	171.4%
United States	3.6	3.8	5.6	4.7	9.3%
Czech Republic	1.4	1.4	2.7	2.8	26.0%
Italy	0.8	0.2	0.1	2.5	46.2%
Hungary	0.8	0.8	1.5	1.4	20.5%
Slovakia	0.8	0.7	1.0	0.3	-27.9%
Ireland	2.1	N/A	N/A	N/A	0%
Others	10.7	15.1	21.1	0.3	-69.6%
Total	30.4	34.7	53.8	46.0	14.8%

Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Turkey in 2022:

Uruguay (5.6K units)
Germany (5.6K units)
Austria (3.6K units)
Denmark (2.6K units)
United States (1.7K units)
Italy (1.5K units)
Czech Republic (1.3K units)
Hungary (0.7K units)
Slovakia (0.1K units)

Exports of Cattle; Live, Pure-Bred Breeding Animals in Turkey

For the fourth consecutive year, Turkey recorded growth in shipments abroad of cattle; live, pure-bred breeding animalses, which increased by 136% to 4.4K units in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 476%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cattle; live, pure-bred breeding animals exports skyrocketed to $12M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 912% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.