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Report World - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

World - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights

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Global Turkey Meat Market 2024

Turkey Meat Market Size

The global turkey meat market amounted to $X in 2022, remaining stable against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Turkey Meat Production

In value terms, turkey meat production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of turkey meat production was the United States (X tons), comprising approx. X% of total volume. Moreover, turkey meat production in the United States exceeded the figures recorded by the second-largest producer, Brazil (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Germany (X% per year).

The global average turkey meat yield totaled X kg per head in 2022, remaining stable against 2021. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the average turkey meat yield attained the maximum level at X kg per head in 2020; afterwards, it flattened through to 2022.

In 2022, global number of animals slaughtered for turkey meat production stood at X heads, growing by X% on 2021. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X%. As a result, the number of producing animals attained the peak level of X heads. From 2017 to 2022, the growth of this number remained at a lower figure.

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Turkey Meat Exports

Exports

Global turkey meat exports contracted to X tons in 2022, falling by X% compared with the previous year. In general, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports reached $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X tons), distantly followed by the United States (X tons), Germany (X tons), Brazil (X tons), France (X tons), Spain (X tons), Chile (X tons) and Italy (X tons) were the key exporters of turkey meat, together committing X% of total exports. The following exporters - Hungary (X tons), the Netherlands (X tons), Canada (X tons) and Russia (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Brazil, Chile, France, Spain, Italy, Hungary, the Netherlands, Canada and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Russia, with a CAGR of X%, recorded 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

The average turkey meat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Canada ($X 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 (X%), while the other global leaders experienced more modest paces of growth.

Turkey Meat Imports

Imports

In 2022, global turkey meat imports shrank modestly to X tons, with a decrease of X% compared with the previous year. In general, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, global imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports expanded notably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) and Germany (X tons) were the largest importers of turkey meataround the world, together accounting for approx. X% of total imports. It was followed by Benin (X tons), committing a X% share of total imports. The United States (X tons), Belgium (X tons), France (X tons), Spain (X tons), Austria (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), Ghana (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Spain, France, Austria, the United States, the UK, Italy, the Netherlands, Benin, Ghana and Poland lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 turkey meat import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 the UK ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The United States constituted the country with the largest volume of turkey meat consumption, accounting for 41% of total volume. Moreover, turkey meat consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fivefold. Germany ranked third in terms of total consumption with a 7.4% share.
The United States constituted the country with the largest volume of turkey meat production, comprising approx. 43% of total volume. Moreover, turkey meat production in the United States exceeded the figures recorded by the second-largest producer, Brazil, fivefold. Germany ranked third in terms of total production with a 7.7% share.
In value terms, the largest turkey meat supplying countries worldwide were Poland, the United States and Germany, with a combined 55% share of global exports. Brazil, Chile, France, Spain, Italy, Hungary, the Netherlands, Canada and Russia lagged somewhat behind, together accounting for a further 37%.
In value terms, Mexico, Germany and Belgium constituted the countries with the highest levels of imports in 2022, together comprising 29% of global imports. Spain, France, Austria, the United States, the UK, Italy, the Netherlands, Benin, Ghana and Poland lagged somewhat behind, together accounting for a further 33%.
The average turkey meat export price stood at $3,354 per ton in 2022, picking up by 27% against the previous year.
In 2022, the average turkey meat import price amounted to $3,279 per ton, rising by 18% against the previous year.

This report provides an in-depth analysis of the global turkey meat 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:

  • FCL 1080 - Turkey meat

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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

Company coverage:

Butterball, Cargill, Cooper Farms, Dakota Provisions, Farbest Foods, Foster Farms, Hain Pure Protein Corp, Jaindl Turkey Sales, Jennie-O Turkey Store, Koch’s Turkey Farm, Kraft Foods, Norbest, Northern Pride Turkey, Perdue Farms

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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