Extracts and juices of meat, fish and aquatic invertebrates market Turkey

Earlier Report Observations

Turkey's market for extracts and juices of meat, fish and aquatic invertebrates demonstrated strong growth in physical volume from 2018 to 2023. Starting at 3 341 t, the market expanded to 5 675 t, with a particularly sharp increase of over 28% in 2020. This upward trend continued in the following years, reflecting a consistent rise in domestic consumption.

In value terms, the market exhibited more variability. After a decline to 2 200 тыс. $ in 2019, it recovered vigorously, surging by 40% in 2020 to 3 076 тыс. $ and reaching a peak of 4 067 тыс. $ in 2021. A modest contraction in 2022 was followed by growth to 4 585 тыс. $ in 2023.

Domestic production grew steadily throughout the period, more than doubling in volume from 3 579 t to 5 817 t. This increased output largely supplied the expanding domestic market, as import volumes remained negligible compared to production levels.

Production extracts and juices of meat, fish and aquatic invertebrates Turkey

In kind, 2017-2020, t

From 2017 to 2020, Turkey ranked as the world's fourth-largest producer of extracts and juices of meat, fish, and aquatic invertebrates.

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

Turkey's production of extracts and juices of meat, fish, and aquatic invertebrates grew for the third consecutive year. In 2020, output reached 4,584 tonnes, marking a significant year-on-year increase of 24.6%. Over the 2017-2020 period, production rose by 32.8%, with a compound annual growth rate of 9.9%.

Annual dynamics of production Turkey in kind, 2017-2020, t

In value, 2017-2020, K $ US

Following a two-year decline, Turkey's production of extracts and juices of meat, fish, and aquatic invertebrates rebounded. In 2020, the output was valued at 3,242 thousand US dollars, representing a 35.6% increase from 2019. Between 2017 and 2020, production grew by 5.8%, equating to an annualized rate of 1.9%. The lowest value was recorded in 2019 at 2,391 thousand US dollars, while the largest decline occurred in 2018 at 18.5%.

Annual dynamics of production Turkey in value, 2017-2020, K $ US

Exports extracts and juices of meat, fish and aquatic invertebrates to Turkey

Exports in kind, t

In 2020, Turkey's exports of extracts and juices of meat, fish, and aquatic invertebrates totaled 274.3 tonnes, a 13.0% decrease compared to 2019. From 2017 to 2020, exports fell by 28.6%, with an annualized decline of 10.6%. The lowest volume was recorded in 2018 at 242.7 tonnes, which also saw the largest decline of 36.8%. In contrast, the largest increase occurred in 2019 at 29.9%.

Annual dynamics of product's exports to Turkey in kind, 2017-2020, t

Between 2017 and 2020, Italy dominated Turkey's exports of extracts and juices of meat, fish, and aquatic invertebrates in volume terms, accounting for 99.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports to Turkey in kind, 2017-2020

Exports in value, K $ US

In 2020, Turkey's exports of extracts and juices of meat, fish, and aquatic invertebrates were valued at 194.1 thousand US dollars, showing a measured year-on-year decrease of 5.3%. Over the 2017-2020 period, exports dropped by 43.1%, with a compound annual decline of 17.2%. The lowest value was recorded in 2018 at 169.3 thousand US dollars, which also experienced the largest decline of 50.4%. The largest increase occurred in 2019 at 21.1%.

Annual dynamics of product's exports to Turkey in value, 2017-2020, K $ US

From 2017 to 2020, Turkey's export value of extracts and juices of meat, fish, and aquatic invertebrates was heavily concentrated, with Italy absorbing 98.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports to Turkey in value, 2017-2020

Imports extracts and juices of meat, fish and aquatic invertebrates in Turkey

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Turkey's imports of extracts and juices of meat, fish, and aquatic invertebrates reached their lowest point in 2019 and peaked in 2018, with a 3.8-fold difference between these years. In 2020, imports totaled 2.5 tonnes, representing an abrupt 90.7% gain compared to the previous year. The minimum volume was recorded in 2019 at 1.3 tonnes, while the maximum was in 2018 at 5.0 tonnes. The largest decline occurred in 2019 at 73.4%, and the largest increase was in 2018 at 248.1%.

Annual dynamics of product's imports in Turkey in kind, 2017-2020, t

Between 2017 and 2020, Spain accounted for 81.7% of Turkey's imports of extracts and juices of meat, fish, and aquatic invertebrates in volume terms, with the remaining flows distributed among multiple smaller partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports in Turkey in kind, 2017-2020

Imports in value, K $ US

Volatility characterized the market behavior during these years. Turkey's imports of extracts and juices of meat, fish, and aquatic invertebrates in value terms fell to their lowest point in 2019 and peaked in 2020, with a two-fold difference. In 2020, imports totaled 28.0 thousand US dollars, amounting to a 99.9% gain compared to 2019. The minimum value was recorded in 2019 at 14.0 thousand US dollars, which also saw the largest decline of 38.9%.

Annual dynamics of product's imports in Turkey in value, 2017-2020, K $ US

From 2017 to 2020, Spain was the key and nearly sole market for Turkey's imports of extracts and juices of meat, fish, and aquatic invertebrates in value terms, accounting for 92.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports in Turkey in value, 2017-2020