Price for Meat of Bovine Animals; Frozen in Turkey - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Turkey (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Turkey (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Turkey
- Imports of Meat of Bovine Animals; Frozen in Turkey
Price for Meat of Bovine Animals; Frozen in Turkey (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $9,168 per ton in July 2023, declining by -10.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 17% m-o-m. As a result, the export price reached the peak level of $10,802 per ton. From December 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Cyprus ($19,725 per ton), while the average price for exports to Liberia ($6,525 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Turkey (CIF) - 2023
In July 2023, the average import price for meat of bovine animals; frozen amounted to $11,181 per ton, increasing by 22% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 35% month-to-month. Over the period under review, average import prices reached the peak figure at $11,928 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was New Zealand ($15,653 per ton), while the price for Brazil ($6,014 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Frozen in Turkey
In 2022, the amount of meat of bovine animals; frozen exported from Turkey reduced sharply to 1.7K tons, falling by -32% on 2021. In general, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 204%. As a result, the exports reached the peak of 2.4K tons, and then shrank notably in the following year.
In value terms, meat of bovine animals; frozen exports expanded to $15M in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 179%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Meat of Bovine Animals; Frozen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,908 | 280 | 1,702 | 1,592 | -5.9% |
| Cyprus | 466 | 177 | 1,454 | 1,315 | 41.3% |
| Malta | 646 | 597 | 980 | 910 | 12.1% |
| Liberia | 404 | 440 | 949 | 858 | 28.5% |
| Marshall Islands | 460 | 475 | 931 | 842 | 22.3% |
| Panama | 465 | 414 | 785 | 709 | 15.1% |
| Italy | 740 | 147 | 515 | 594 | -7.1% |
| Netherlands | 419 | 161 | 550 | 497 | 5.9% |
| France | 721 | 113 | 148 | 458 | -14.0% |
| Greece | 339 | 242 | 294 | 377 | 3.6% |
| Hong Kong SAR | 80.6 | 137 | 365 | 330 | 60.0% |
| Iraq | 427 | 64.8 | 224 | 311 | -10.0% |
| United Arab Emirates | 97.4 | 142 | 23.3 | 126 | 9.0% |
| Others | 5,071 | 1,979 | 6,082 | 6,353 | 7.8% |
| Total | 12,244 | 5,368 | 15,004 | 15,272 | 7.6% |
Top Export Markets for Meat of Bovine Animals; Frozen from Turkey in 2022:
- Cyprus (154.8 tons)
- Liberia (141.4 tons)
- Malta (126.0 tons)
- Germany (121.7 tons)
- Marshall Islands (121.1 tons)
- Panama (97.7 tons)
- Italy (51.2 tons)
- United Arab Emirates (47.7 tons)
- Greece (46.6 tons)
- Netherlands (39.7 tons)
- France (36.3 tons)
- Iraq (36.0 tons)
- Hong Kong SAR (35.0 tons)
Imports of Meat of Bovine Animals; Frozen in Turkey
In 2022, the amount of meat of bovine animals; frozen imported into Turkey surged to 6K tons, increasing by 444% on the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $30M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.2 | 2.2 | 2.4 | 14.0 | 19.5% |
| Brazil | 2.4 | 2.0 | 1.7 | 6.6 | 40.1% |
| Poland | 3.1 | 0.4 | 0.5 | 4.4 | 12.4% |
| Argentina | 0.3 | 0.3 | 0.4 | 1.3 | 63.0% |
| Spain | 0.1 | 0.2 | 0.4 | 1.3 | 135.1% |
| United Arab Emirates | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Italy | 0.1 | N/A | 0.2 | 0.5 | 71.0% |
| Germany | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Ukraine | 1.6 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 3.1 | 0.6 | 14.5% |
| Total | 16.4 | 5.5 | 9.1 | 30.2 | 22.6% |
Top Suppliers of Meat of Bovine Animals; Frozen to Turkey in 2022:
- New Zealand (1880.4 tons)
- Brazil (1847.4 tons)
- Poland (1131.7 tons)
- Argentina (276.4 tons)
- Spain (261.4 tons)
- United Arab Emirates (243.0 tons)
- Italy (126.1 tons)
- Germany (105.8 tons)
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