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Turkey - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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Pig Fat Market Size in Turkey
The Turkish pig fat market declined remarkably to $X in 2023, waning by X% against the previous year. In general, consumption, however, continues to indicate a tangible increase. Pig fat consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Pig Fat Production in Turkey
In value terms, pig fat production fell remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.
Pig Fat Exports
Exports from Turkey
In 2023, shipments abroad of pig fat decreased by X% to X tons for the first time since 2014, thus ending a eight-year rising trend. Over the period under review, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.
In value terms, pig fat exports declined dramatically to $X in 2023. In general, exports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.
Exports by Country
Syrian Arab Republic (X tons) was the main destination for pig fat exports from Turkey, accounting for a approx. X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to Syrian Arab Republic stood at X%.
In value terms, Syrian Arab Republic ($X) also remains the key foreign market for pig fat exports from Turkey.
From 2012 to 2023, the average annual rate of growth in terms of value to Syrian Arab Republic amounted to X%.
Export Prices by Country
In 2023, the average pig fat export price amounted to $X per ton, remaining constant against the previous year. In general, the export price continues to indicate a strong expansion. 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 2021; however, from 2022 to 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 Syrian Arab Republic.
From 2012 to 2023, the rate of growth in terms of prices for Azerbaijan amounted to X% per year.
Pig Fat Imports
Imports into Turkey
In 2017, overseas purchases of pig fat decreased by X% to X tons, falling for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The smallest decline of X% was in 2016. Imports peaked in 2017 and are likely to continue growth in the immediate term.
In value terms, pig fat imports stood at $X in 2017. Over the period under review, imports continue to indicate significant growth. The smallest decline of X% was in 2016. Imports peaked in 2017 and are likely to see gradual growth in the immediate term.
Imports by Country
Spain (X tons) and the UK (X tons) were the main suppliers of pig fat imports to Turkey.
From 2013 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%).
In value terms, the largest pig fat suppliers to Turkey were Spain ($X) and the UK ($X).
Among the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices by Country
The average pig fat import price stood at $X per ton in 2017, almost unchanged from the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price decreased by X%. The import price peaked in 2017 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the UK amounted to $X per ton.
From 2013 to 2017, the most notable rate of growth in terms of prices was attained by Spain (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the pig fat 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 2030.
Product coverage:
- Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)
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
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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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