Report Update: Apr 16, 2024

Turkey - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights

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Animal Fats Price in Turkey - 2023

Animal Fats Price in Turkey (CIF) - 2022

In 2022, the average animal fats import price amounted to $4,661 per ton, which is down by -46.6% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% against the previous year. The import price peaked at $16,104 per ton in 2013; however, from 2014 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 Norway ($19,749 per ton), while the price for Canada ($1,039 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.

Animal Fats Price in Turkey (FOB) - 2022

The average animal fats export price stood at $1,502 per ton in 2022, picking up by 8.9% against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 100%. Over the period under review, the average export prices hit record highs at $6,156 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($2,711 per ton), while the average price for exports to Libya ($720 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 Syrian Arab Republic (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Animal Fats Imports in Turkey

In 2022, animal fats imports into Turkey dropped notably to 91 tons, declining by -81.6% against 2021. In general, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 241%. As a result, imports reached the peak of 495 tons, and then shrank sharply in the following year.

In value terms, animal fats imports shrank rapidly to $423K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 188%. As a result, imports attained the peak of $4.3M, and then contracted sharply in the following year.

Import of Animal Fats in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	111	861	2,323	182	17.9%
Norway	1,620	408	1,293	141	-55.7%
Canada	45.2	64.3	301	64.0	12.3%
Germany	37.0	37.1	81.9	7.0	-42.6%
Italy	16.2	14.6	28.8	2.1	-49.4%
Others	256	116	290	27.0	-52.8%
Total	2,086	1,501	4,317	423	-41.2%

Top Suppliers of Animal Fats to Turkey in 2022:

Canada (61.6 tons)
Chile (15.3 tons)
Norway (7.1 tons)
Germany (4.3 tons)
Italy (1.3 tons)

Animal Fats Exports in Turkey

Animal fats exports from Turkey surged to 201 tons in 2022, with an increase of 257% compared with the previous year. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 7,563% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, animal fats exports surged to $302K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 4,392% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Animal Fats in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Pakistan	2.5	1.2	29.1	210	338.0%
Afghanistan	0.4	0.2	7.4	54.5	414.6%
Georgia	0.2	0.1	1.9	14.3	315.1%
Libya	0.1	N/A	0.5	2.9	207.2%
Yemen	0.8	N/A	N/A	N/A	0%
Syrian Arab Republic	N/A	0.1	21.3	N/A	21200.0%
Oman	N/A	N/A	9.3	N/A	0%
Others	4.2	0.2	8.2	20.3	69.1%
Total	8.1	1.7	77.8	302	234.1%

Top Export Markets for Animal Fats from Turkey in 2022:

Pakistan (161.9 tons)
Afghanistan (20.1 tons)
Georgia (10.0 tons)
Libya (4.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the animal fats 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 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023