Beef Market Overview in Turkey
In value terms, beef production expanded notably to $ in estimated in export prices. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Beef production peaked in and is likely to continue growth in the near future.
The average yield of beef (cattle meat) in Turkey totaled kg per head in , surging by % against the previous year. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of % year-to-year. The beef yield peaked in and is expected to retain growth in the near future.
In , the number of animals slaughtered for beef production in Turkey rose notably to heads, growing by % compared with the previous year. In general, the number of producing animals posted a strong expansion. The pace of growth was the most pronounced in 2010 when the number of producing animals increased by % y-o-y. Over the period under review, this number attained the peak level at heads in 2016; however, from 2017 to , producing animals stood at a somewhat lower figure.
The revenue of the beef market in Turkey rose remarkably to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2010 when the market value increased by % against the previous year. Over the period under review, the market hit record highs in and is likely to see steady growth in the near future.