Turkiye: Poultry and Products Annual

Since the beginning of 2023, the Turkish Lira (TL) has weakened by around 20 percent against the U.S. dollar. Despite the economic turmoil, demand for chicken meat is relatively stable, even with expected increased poultry market prices in correlation with increasing inflation. This is due primarily to the fact that chicken meat is the cheapest protein source for the Turkish population. Production is forecast at 2.3 million metric tons (MMT) in calendar year (CY) 2024, just 2 percent higher than in 2023 due to forecast high feed prices, severe drought expectations, and struggles with supplies of breeding materials due to high import costs and/or HPAI cases which cause reduced production capacity. Türkiye does not import poultry meat since the sector is one the most well-established in the country. Exports in 2024 are forecast at 490,000 MT , assuming demand increases (especially from Iran). Despite increasing market prices, chicken consumption is forecast at 1.8 MMT in 2024.