World - Prepared Or Preserved Meat Or Offal Of Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Turkey Market
The global preserved turkey market is expected to see a rise in demand over the next eight years, with a forecasted increase in both consumption and market value. Despite a slight decrease in consumption in 2022, the market is projected to grow, reaching 5.3M tons by 2030. The market value is also expected to rise to $49.6B by 2030. Key countries driving consumption include China, India, and the United States, while production and exports are led by countries such as Germany, the United States, and Poland. Overall, the industry is poised for growth with forecasted positive trends in consumption, production, imports, and exports.
Market Forecast
Driven by rising demand for preserved turkey worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 5.3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market value to $49.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Prepared Or Preserved Meat Or Offal Of Turkeys
In 2022, consumption of prepared or preserved meat or offal of turkeys decreased by -3.5% to 4.3M tons, falling for the fourth year in a row after three years of growth. In general, consumption saw a slight slump. The growth pace was the most rapid in 2018 when the consumption volume increased by 2.1% against the previous year. As a result, consumption reached the peak volume of 5.3M tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global preserved turkey market size reduced modestly to $36.3B in 2022, shrinking by -1.8% 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). Over the period under review, consumption showed a noticeable setback. Over the period under review, the global market hit record highs at $51.3B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (532K tons), India (409K tons) and the United States (269K tons), with a combined 28% share of global consumption. Japan, Indonesia, Brazil, Russia, Mexico, Spain, South Korea, Turkey and Ethiopia lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +4.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($3.1B) led the market, alone. The second position in the ranking was held by Japan ($1.5B). It was followed by India.
In China, the preserved turkey market contracted by an average annual rate of -4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+3.7% per year) and India (+8.4% per year).
The countries with the highest levels of preserved turkey per capita consumption in 2022 were Spain (2,064 kg per 1000 persons), Japan (1,861 kg per 1000 persons) and South Korea (1,780 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Korea (with a CAGR of +3.9%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Prepared Or Preserved Meat Or Offal Of Turkeys
In 2022, the amount of prepared or preserved meat or offal of turkeys produced worldwide fell modestly to 4.3M tons, dropping by -3.6% compared with 2021 figures. Over the period under review, production recorded a mild reduction. The growth pace was the most rapid in 2018 with an increase of 1.8%. As a result, production reached the peak volume of 5.3M tons. From 2019 to 2022, global production growth remained at a somewhat lower figure.
In value terms, preserved turkey production fell to $34.8B in 2022 estimated in export price. In general, production showed a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $51.6B. From 2014 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (532K tons), India (409K tons) and the United States (280K tons), together comprising 28% of global production. Japan, Indonesia, Brazil, Russia, Mexico, Spain, South Korea, Turkey and Ethiopia lagged somewhat behind, together accounting for a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by South Korea (with a CAGR of +4.3%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Prepared Or Preserved Meat Or Offal Of Turkeys
In 2022, overseas purchases of prepared or preserved meat or offal of turkeys increased by 6.4% to 116K tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 13% against the previous year. As a result, imports attained the peak of 186K tons. From 2014 to 2022, the growth of global imports remained at a lower figure.
In value terms, preserved turkey imports skyrocketed to $596M in 2022. In general, imports, however, continue to indicate a mild descent. Global imports peaked at $784M in 2013; however, from 2014 to 2022, imports failed to regain momentum.
Imports By Country
The purchases of the twelve major importers of prepared or preserved meat or offal of turkeys, namely France, Hungary, Germany, the UK, Saudi Arabia, Cuba, Romania, Spain, the United States, Belgium, Mexico and Ireland, represented more than half of total import. Italy (3.1K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cuba (with a CAGR of +90.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, France ($59M), the UK ($46M) and Germany ($34M) were the countries with the highest levels of imports in 2022, together accounting for 23% of global imports. Ireland, the United States, Saudi Arabia, Mexico, Belgium, Italy, Spain, Hungary, Cuba and Romania lagged somewhat behind, together comprising a further 36%.
In terms of the main importing countries, Cuba, with a CAGR of +71.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average preserved turkey import price stood at $5,114 per ton in 2022, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($8,915 per ton), while Cuba ($2,228 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Prepared Or Preserved Meat Or Offal Of Turkeys
In 2022, shipments abroad of prepared or preserved meat or offal of turkeys increased by 3.5% to 108K tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. As a result, the exports attained the peak of 218K tons. From 2014 to 2022, the growth of the global exports failed to regain momentum.
In value terms, preserved turkey exports expanded markedly to $527M in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. As a result, the exports reached the peak of $903M. From 2014 to 2022, the growth of the global exports failed to regain momentum.
Exports By Country
The biggest shipments were from Poland (17K tons), Germany (17K tons), the United States (15K tons), Hungary (11K tons), Belgium (8.6K tons) and Spain (8.1K tons), together accounting for 71% of total export. It was distantly followed by France (4.9K tons), generating a 4.6% share of total exports. Ireland (3.3K tons), Italy (3.1K tons), the Netherlands (2.4K tons) and Brazil (2.3K tons) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +8.0%), while the other global leaders experienced more modest paces of growth.
In value terms, Germany ($90M), the United States ($77M) and Poland ($59M) constituted the countries with the highest levels of exports in 2022, with a combined 43% share of global exports. Belgium, Hungary, Spain, France, Ireland, Italy, the Netherlands and Brazil lagged somewhat behind, together comprising a further 39%.
Among the main exporting countries, Hungary, with a CAGR of +8.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average preserved turkey export price amounted to $4,864 per ton, with an increase of 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 7.3%. The global export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ireland ($7,147 per ton), while Brazil ($2,458 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global preserved turkey market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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