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U.S. - Prepared Or Preserved Meat Or Offal Of Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Turkey Price in the United States - 2023
Contents:
- Preserved Turkey Price in the United States (FOB) - 2023
- Preserved Turkey Price in the United States (CIF) - 2023
- Preserved Turkey Exports in the United States
- Preserved Turkey Imports in the United States
Preserved Turkey Price in the United States (FOB) - 2023
In August 2023, the average preserved turkey export price amounted to $5,582 per ton, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices hit record highs at $6,149 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Panama ($7,740 per ton), while the average price for exports to Trinidad and Tobago ($3,378 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Turkey Price in the United States (CIF) - 2023
The average preserved turkey import price stood at $9,132 per ton in August 2023, growing by 30% against the previous month. In general, import price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, preserved turkey import price decreased by -1.8% against June 2023 indices. Over the period under review, average import prices reached the maximum at $9,718 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($13,006 per ton), while the price for Mexico ($5,338 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Chile (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Turkey Exports in the United States
In 2022, overseas shipments of prepared or preserved meat or offal of turkeys increased by 35% to 15K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.
In value terms, preserved turkey exports surged to $77M in 2022. Overall, exports, however, showed a slight decrease.
Export of Preserved Turkey in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 48.7 | 43.1 | 26.2 | 42.7 | -4.3% |
Canada | 12.4 | 9.7 | 10.3 | 13.1 | 1.8% |
Panama | 0.9 | 1.8 | 3.1 | 4.8 | 74.7% |
Costa Rica | 1.1 | 2.1 | 2.1 | 1.8 | 17.8% |
Colombia | 0.5 | 0.8 | 1.6 | 1.7 | 50.4% |
Japan | 1.6 | 1.6 | 0.7 | 1.3 | -6.7% |
Peru | 5.9 | 1.0 | N/A | N/A | -83.1% |
Others | 8.7 | 10.5 | 11.0 | 11.0 | 8.1% |
Total | 79.7 | 70.7 | 55.0 | 76.5 | -1.4% |
Top Export Markets for Preserved Turkey from the United States in 2022:
- Peru (undefinedK tons)
- Mexico (8.3K tons)
- Canada (2.9K tons)
- Panama (1.0K tons)
- Japan (0.4K tons)
- Costa Rica (0.3K tons)
- Colombia (0.3K tons)
Preserved Turkey Imports in the United States
In 2022, approx. 3.9K tons of prepared or preserved meat or offal of turkeys were imported into the United States; rising by 27% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, preserved turkey imports skyrocketed to $27M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Preserved Turkey in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 5.7 | 7.5 | 10.3 | 13.5 | 33.3% |
Israel | 4.8 | 7.7 | 7.1 | 8.5 | 21.0% |
Mexico | 3.2 | 3.7 | 3.7 | 4.4 | 11.2% |
Chile | 0.2 | 0.7 | 1.1 | 1.1 | 76.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 13.9 | 19.6 | 22.3 | 27.4 | 25.4% |
Top Suppliers of Preserved Turkey to the United States in 2022:
- Canada (1449.2 tons)
- Mexico (1419.5 tons)
- Israel (836.5 tons)
- Chile (167.8 tons)
This report provides an in-depth analysis of the preserved turkey market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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