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World - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Frozen Whole Turkey Market 2024
Frozen Whole Turkey Market Size
The global frozen whole turkey market expanded remarkably to $X in 2022, growing by 6.5% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.
Frozen Whole Turkey Production
In value terms, frozen whole turkey production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 9.4%. Global production peaked at $X in 2021, and then declined slightly in the following year.
The country with the largest volume of frozen whole turkey production was the United States (X tons), accounting for 38% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Brazil (X tons) ranked third in terms of total production with an 8% share.
In the United States, frozen whole turkey production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+7.9% per year) and Brazil (+3.9% per year).
Frozen Whole Turkey Exports
Exports
In 2022, approx. X tons of frozen whole turkeys were exported worldwide; falling by -20% compared with the previous year's figure. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 5.7%. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, frozen whole turkey exports reduced to $X in 2022. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.1%. Over the period under review, the global exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports by Country
The United States represented the major exporting country with an export of around X tons, which recorded 44% of total exports. France (X tons) took the second position in the ranking, followed by Canada (X tons). All these countries together took approx. 39% share of total exports. The following exporters - Turkey (X tons), Poland (X tons) and Argentina (X tons) - each amounted to a 6.9% share of total exports.
From 2012 to 2022, average annual rates of growth with regard to frozen whole turkey exports from the United States stood at -7.8%. At the same time, Argentina (+27.0%), Canada (+8.3%), Turkey (+7.4%) and Poland (+4.3%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.0% from 2012-2022. By contrast, France (-7.5%) illustrated a downward trend over the same period. Canada (+15 p.p.), Argentina (+2 p.p.), Turkey (+1.8 p.p.) and Poland (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while France and the United States saw its share reduced by -2.7% and -7.9% from 2012 to 2022, respectively.
In value terms, the United States ($X), France ($X) and Canada ($X) were the countries with the highest levels of exports in 2022, together accounting for 83% of global exports. Turkey, Poland and Argentina lagged somewhat behind, together accounting for a further 5.6%.
Argentina, with a CAGR of +25.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 frozen whole turkey export price amounted to $X per ton, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Argentina ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.9%), while the other global leaders experienced more modest paces of growth.
Frozen Whole Turkey Imports
Imports
In 2022, the amount of frozen whole turkeys imported worldwide fell to X tons, waning by -13% against the previous year. Over the period under review, imports showed a noticeable curtailment. The growth pace was the most rapid in 2018 when imports increased by 38%. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, frozen whole turkey imports contracted slightly to $X in 2022. In general, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Global imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, Mexico (X tons), the United States (X tons) and Germany (X tons) was the major importer of frozen whole turkeys in the world, creating 34% of total import. Chile (X tons) held a 6% share (based on physical terms) of total imports, which put it in second place, followed by Panama (5.8%) and Finland (5.1%). The following importers - El Salvador (X tons), Portugal (X tons), Denmark (X tons), Guatemala (X tons), the United Arab Emirates (X tons), Greece (X tons) and South Africa (X tons) - together made up 18% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +151.0%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($X), Mexico ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together accounting for 34% of global imports. Panama, Finland, El Salvador, Chile, Denmark, Guatemala, Greece, Portugal, the United Arab Emirates and South Africa lagged somewhat behind, together accounting for a further 36%.
Among the main importing countries, Panama, with a CAGR of +164.3%, saw the highest growth rate of 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
In 2022, the average frozen whole turkey import price amounted to $X per ton, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was El Salvador ($X per ton), while Chile ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.3%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the global frozen whole 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 10122015 - Frozen whole turkeys
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
-
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
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD 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
- Producing Animals, By Country, 2012-2023
- Yield, 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
- 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, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, 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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