The market is dominated by foreign suppliers, as imports account for 67.9% of total market size in 2023. Households drive market demand, with household spending representing 61.5% of total demand in 2023. Turkey has the sixth largest market size for vegetable and animal oils and fats regionally, with demand reaching USD10.9 billion in 2023. Yudum Gida Sanayi ve Tic AS is the largest company in Turkey, generating 5.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 12.2% of total production value in 2023. The total number of companies increases in 2023, to 4,424 units. The costs of the industry increase by 12.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 37.4% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 62.0% of total production output. With production value of USD8.5 billion, Turkey accounts for 12.7% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in Turkey: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in Turkey: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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