U.S. - Fresh Or Chilled Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh or Chilled Turkey Cut in the United States - 2023
Contents:
- Price for Fresh or Chilled Turkey Cut in the United States (FOB) - 2023
- Price for Fresh or Chilled Turkey Cut in the United States (CIF) - 2023
- Exports of Fresh or Chilled Turkey Cut in the United States
- Imports of Fresh or Chilled Turkey Cut in the United States
Price for Fresh or Chilled Turkey Cut in the United States (FOB) - 2023
The average export price for fresh or chilled turkey cuts stood at $1,576 per ton in September 2023, remaining constant against the previous month. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $3,011 per ton in October 2022; however, from November 2022 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Mexico.
From October 2022 to September 2023, the rate of growth in terms of prices for Mexico amounted to -5.8% per month.
Price for Fresh or Chilled Turkey Cut in the United States (CIF) - 2023
The average import price for fresh or chilled turkey cuts stood at $5,027 per ton in September 2023, growing by 14% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 225% month-to-month. Over the period under review, average import prices reached the maximum at $6,828 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From October 2022 to September 2023, the rate of growth in terms of prices for Canada amounted to -0.3% per month.
Exports of Fresh or Chilled Turkey Cut in the United States
Fresh or chilled turkey cut exports from the United States declined sharply to 74K tons in 2022, falling by -34% on 2021. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 112K tons, and then reduced sharply in the following year.
In value terms, fresh or chilled turkey cut exports contracted significantly to $224M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 47%. As a result, the exports attained the peak of $269M, and then shrank rapidly in the following year.
Export of Fresh or Chilled Turkey Cut in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 203 | 180 | 263 | 219 | 2.6% |
Others | 3.5 | 3.0 | 6.1 | 4.5 | 8.7% |
Total | 207 | 183 | 269 | 224 | 2.7% |
Top Export Markets for Fresh or Chilled Turkey Cut from the United States in 2022:
- Mexico (72.5K tons)
Imports of Fresh or Chilled Turkey Cut in the United States
In 2022, purchases abroad of fresh or chilled turkey cuts decreased by -4.6% to 1.2K tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 318% against the previous year. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, fresh or chilled turkey cut imports declined to $4.6M in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 174%. As a result, imports attained the peak of $9.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Fresh or Chilled Turkey Cut in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 3.5 | 9.6 | 5.4 | 4.6 | 9.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.5 | 9.6 | 5.4 | 4.6 | 9.5% |
Top Suppliers of Fresh or Chilled Turkey Cut to the United States in 2022:
- Canada (1.2K tons)
This report provides an in-depth analysis of the market for fresh or chilled turkey cut 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 10121060 - Fresh or chilled cuts of turkey
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
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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
- 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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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