Animal Guts Market in Turkey
Market Overview
The Turkish animal guts market fell markedly to $
in , reducing 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). Overall, consumption continues to indicate a deep setback. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
In value terms, animal guts production fell modestly to $ in estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production growth remained at a lower figure.
in , reducing 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). Overall, consumption continues to indicate a deep setback. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.In value terms, animal guts production fell modestly to $
in estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production growth remained at a lower figure.Consumption
Animal guts consumption in Turkey declined notably to tons in , falling by -% against figures. Over the period under review, consumption saw a abrupt decline. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The size of the animal guts market in Turkey dropped remarkably to $ in , falling 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). Overall, consumption saw a abrupt shrinkage. Animal guts consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
tons in , falling by -% against figures. Over the period under review, consumption saw a abrupt decline. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The size of the animal guts market in Turkey dropped remarkably to $
in , falling 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). Overall, consumption saw a abrupt shrinkage. Animal guts consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for animal guts in Turkey, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in Turkey increased significantly over the last fifteen years (from % to %).
% to %).Trade Balance
Turkey remains a net exporter of animal guts; in physical and value terms, exports consistently exceeded imports from 2007 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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