Financing Import/Export

The Turkey Beef Import Situation (2010-2016)

 

From autumn 2010 through to the end of 2012 EU exports to Turkey provided a  significant boost to the EU beef market. In 2010 shortages of domestic beef on the Turkish market were contributing to increased food price inflation, which has occurred again this year. Turkey effectively allowed beef imports by reducing the rate of duty in autumn 2010, from a prohibitive 225 per cent down to as low as 30 per cent by early 2011.

 

The tariff was gradually increased again, returning to 225 per cent by the beginning of 2013.

 

The subsequent rise in beef imports was entirely supplied by the EU with Turkish importers mainly taking chilled young bull beef.

 

Turkish beef imports in 2011 were as much as 111,000 tonnes with Poland the largest supplier followed by Germany.

 

By early 2013 trade had ceased with Poland, the one remaining supplier at the end of 2012. By 2014 Turkish imports only amounted to 640 tonnes mainly supplied by Bosnia.

 

Turkey imported 3,465 head of breeding cattle ($11 million) in 2016 from the United States, while in 2015 it was 3,778 head of breeding cattle ($14 million). There is an 8 percent decrease between 2015 and 2016. One reason behind this decrease appears to be that Germany has become stronger on business connections with Turkey’s dairy sector and increased its dairy cattle exports to Turkey. On the other hand, high prices of the U.S. breeding stock, partnered with a strong dollar, meant that the U.S. was not able to be competitive compared to EU prices in recent years