Price for Meat of Bovine Animals; Fresh or Chilled in Turkey - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Turkey (CIF) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in Turkey (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Turkey
- Exports of Meat of Bovine Animals; Fresh or Chilled in Turkey
Price for Meat of Bovine Animals; Fresh or Chilled in Turkey (CIF) - 2024
The average import price for meat of bovine animals; fresh or chilled stood at $5,906 per ton in January 2024, approximately equating the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $7,014 per ton. From September 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was France ($6,700 per ton), while the price for Poland totaled $5,658 per ton.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Bovine Animals; Fresh or Chilled in Turkey (FOB) - 2022
In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $7,075 per ton, with an increase of 49% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The export price peaked at $16,360 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($10,961 per ton), while the average price for exports to Cyprus ($6,376 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 Qatar (-5.1%), while the prices for the other major destinations experienced a decline.
Imports of Meat of Bovine Animals; Fresh or Chilled in Turkey
For the third consecutive year, Turkey recorded decline in supplies from abroad of meat of bovine animals; fresh or chilled, which decreased by -66.8% to 400 tons in 2022. Over the period under review, imports continue to indicate a precipitous curtailment.
In value terms, imports of meat of bovine animals; fresh or chilled fell rapidly to $3M in 2022. In general, imports continue to indicate a dramatic setback.
| Import of Meat of Bovine Animals; Fresh or Chilled in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 3.1 | 1.7 | 0.2 | 3.0 | -1.1% |
| Poland | 118 | 22.9 | 6.5 | N/A | -76.5% |
| Brazil | 10.7 | 0.2 | N/A | N/A | -98.1% |
| Others | 7.9 | 1.9 | 0.5 | N/A | -74.8% |
| Total | 140 | 26.7 | 7.2 | 3.0 | -72.2% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Turkey in 2022:
- Bosnia and Herzegovina (400.0 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of meat of bovine animals; fresh or chilled, when their volume decreased by -86.9% to 73 tons. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 357%.
In value terms, exports of meat of bovine animals; fresh or chilled dropped dramatically to $517K in 2022. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 226% against the previous year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 2.4 | 15.3 | 46.0 | 308 | 404.4% |
| United Arab Emirates | 6.5 | 20.1 | 36.7 | 86.1 | 136.6% |
| Iraq | 0.5 | 2.0 | 9.0 | 78.0 | 438.3% |
| Qatar | 4.9 | 12.4 | 34.4 | 21.2 | 62.9% |
| Azerbaijan | N/A | 0.1 | 0.1 | 16.1 | 1168.9% |
| Iran | 612 | 1,953 | 2,439 | N/A | 99.6% |
| Others | 6.1 | 58.5 | 85.4 | 7.3 | 6.2% |
| Total | 633 | 2,062 | 2,650 | 517 | -6.5% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Turkey in 2022:
- Cyprus (48.4 tons)
- United Arab Emirates (10.4 tons)
- Iraq (7.2 tons)
- Qatar (3.0 tons)
- Azerbaijan (1.5 tons)
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