Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey (FOB) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey (CIF) - 2022
3. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey
4. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $6,363 per ton in 2022, with an increase of 41% against the previous year. Over the period under review, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +25.6% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat increased by +57.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($6,376 per ton), while the average price for exports to Qatar totaled $5,756 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+31.1%).

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey (CIF) - 2022

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,326 per ton in 2022, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 a decrease of 99.9% against the previous year. The import price peaked at $4,326 per ton in 2020; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2020 to 2022, the rate of growth in terms of prices for France amounted to -0.2% per year.

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey

After two years of growth, overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -90.5% to 49 tons in 2022. In general, exports showed a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 20%. As a result, the exports attained the peak of 522 tons, and then reduced rapidly in the following year.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat fell dramatically to $315K in 2022. Overall, exports saw a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports reached the peak of $2.3M, and then fell markedly in the following year.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Turkey in 2022:

1. Cyprus (48.4 tons)
2. Qatar (1.0 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Turkey

Imports of fresh or chilled carcasses and half-carcasses of bovine meat into Turkey stood at 24 tons in 2022, standing approx. at 2021 figures. Overall, imports recorded a dramatic descent. The smallest decline of 99.9% was in 2021.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat amounted to $104K in 2022. Over the period under review, imports showed a significant contraction. The smallest decline of 99.9% was in 2021.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Turkey in 2022:

1. France (24.0 tons)

Source: IndexBox Market Intelligence Platform