Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium - 2023

Contents:

1. Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium (FOB) - 2022
2. Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium (CIF) - 2023
3. Exports of Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium
4. Imports of Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium

Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium (FOB) - 2022

The average export price for poultry; live, weighing not more than 185g, turkeys meat stood at $12 per unit in 2022, increasing by 9.8% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,491%. As a result, the export price attained the peak level of $26 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($18 per unit), while the average price for exports to France amounted to $2.8 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced a decline.

Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium (CIF) - 2023

In October 2023, the average import price for poultry; live, weighing not more than 185g, turkeys meat amounted to $667 per thousand units, rising by 10% against the previous month. Overall, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in February 2023 an increase of 101% month-to-month. The import price peaked at $3.0 per unit in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to -11.6% per month.

Exports of Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium

In 2022, approx. 350K units of poultry; live, weighing not more than 185g, turkeys meat were exported from Belgium; growing by 8.1% on 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 102%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of poultry; live, weighing not more than 185g, turkeys meat soared to $4.3M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Poultry; Live, Weighing Not More than 185g, Turkeys from Belgium in 2022:

1. Germany (218.6K units)
2. France (128.7K units)

Imports of Poultry; Live, Weighing Not More than 185g, Turkeys in Belgium

After three years of growth, supplies from abroad of poultry; live, weighing not more than 185g, turkeys meat decreased by -61.6% to 879K units in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 4,624% against the previous year. As a result, imports reached the peak of 2.3M units, and then contracted significantly in the following year.

In value terms, imports of poultry; live, weighing not more than 185g, turkeys meat declined sharply to $1.2M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 3,070%. As a result, imports attained the peak of $2.1M, and then reduced markedly in the following year.

Top Suppliers of Poultry; Live, Weighing Not More than 185g, Turkeys to Belgium in 2022:

1. Germany (846.7K units)
2. Netherlands (18.8K units)
3. France (14.0K units)

Source: IndexBox Market Intelligence Platform