Turkey Frozen Lamb Market Outlook

Synopsis
The above chart is Turkey Frozen Lamb Market Outlook (2018 to 2032)

Market Dynamics

turkey is well known for its high-quality frozen lamb production, with its exports continuing to experience growth in recent years. according to the turkish national meat and milk board, the country’s exports of lamb have grown by 8 percent in 2018. this considerable growth is attributed to a favorable production environment – feeding regiments and open pastures – as well as an increase in the demand for frozen lamb in international markets. in particular, the demand for halal frozen lamb in middle eastern and asian countries is continuing to increase. this demand is being met by turkey as it is the largest halal provider of frozen lamb in the world, with 40 percent of the metric tonnes shipped from turkey being consumed domestically. the total size of halal frozen lamb trade is estimated to be around 3 million metric tonnes in 2018. turkey’s frozen lamb market outlook for the 2018-2032 period looks bright, with the presence of a modern infrastructure, stable production and reliable labour among other factors likely to contribute to increased export capabilities. however, the market outlook also comes with a certain degree of uncertainty. in particular, the european market for frozen lamb posed a challenge in 2018 as some countries struggling with animal welfare enforced bans on imports from turkey. this meant that turkish exporters were unable to fully take advantage of the significant demand for halal frozen lamb from the european market. furthermore, the cost of production in turkey is slightly higher than in other leading producing countries – including new zealand and australia – which pose a competitive challenge in the export market. turkey’s frozen lamb market outlook is also subject to issues of supply and demand in the international market. although export opportunities look very promising, the price of frozen lamb is likely to be affected by political and economic developments in various countries. in addition, regulatory policy changes, such as the setting of tariffs can have a serious impact on the economics around turkish frozen lamb. overall, the frozen lamb market in turkey is expected to experience moderate growth in the 2018-2032 period. export opportunities remain strong and domestic consumption of frozen lamb is expected to continue to increase in the coming years. while there may be some risks to consider, many of these can be mitigated with careful planning that takes account of the current market conditions.