Chicken Egg Market in Turkey
Market Overview
The Turkish chicken egg market rose slightly to $
in , increasing 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). The market value increased at an average annual rate of +% over the period from 2012 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in with an increase of % against the previous year. As a result, consumption reached the peak level of $; afterwards, it flattened through to .
In value terms, chicken egg production rose slightly to $ in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Chicken egg production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
in , increasing 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). The market value increased at an average annual rate of +% over the period from 2012 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in with an increase of % against the previous year. As a result, consumption reached the peak level of $; afterwards, it flattened through to .In value terms, chicken egg production rose slightly to $
in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Chicken egg production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.Consumption
In , the amount of chicken eggs consumed in Turkey reached tons, remaining stable against the year before. The total consumption volume increased at an average annual rate of +% over the period from 2012 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chicken egg consumption peaked at tons in ; afterwards, it flattened through to .
The value of the chicken egg market in Turkey totaled $ in , increasing 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). The market value increased at an average annual rate of +% from 2012 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in with an increase of %. As a result, consumption reached the peak level of $; afterwards, it flattened through to .
, the amount of chicken eggs consumed in Turkey reached tons, remaining stable against the year before. The total consumption volume increased at an average annual rate of +% over the period from 2012 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chicken egg consumption peaked at tons in ; afterwards, it flattened through to .The value of the chicken egg market in Turkey totaled $
in , increasing 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). The market value increased at an average annual rate of +% from 2012 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in with an increase of %. As a result, consumption reached the peak level of $; afterwards, it flattened through to .Market Forecast
Driven by increasing demand for chicken eggs in Turkey, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of chicken egg in Turkey were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for chicken egg.
Trade Balance
Turkey remains a net exporter of chicken egg; in physical and value terms, exports consistently exceeded imports from 2012 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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