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Turkey - Frozen Cuts of Turkey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Frozen Turkey Cut Market 2024
Frozen Turkey Cut Market Size in Turkey
The Turkish frozen turkey cut market surged to $X in 2022, growing by 558% against the previous year. Over the period under review, consumption, however, saw a slight descent. Frozen turkey cut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Frozen Turkey Cut Production in Turkey
In value terms, frozen turkey cut production shrank dramatically to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.
Frozen Turkey Cut Exports
Exports from Turkey
In 2022, overseas shipments of frozen cuts of turkey decreased by -5% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 78% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen turkey cut exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 65% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Exports by Country
The United Arab Emirates (X tons) was the main destination for frozen turkey cut exports from Turkey, with a 30% share of total exports. Moreover, frozen turkey cut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), twofold. Benin (X tons) ranked third in terms of total exports with an 8.7% share.
From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+22.6% per year) and Benin (+17.1% per year).
In value terms, the largest markets for frozen turkey cut exported from Turkey were the United Arab Emirates ($X), Jordan ($X) and Kuwait ($X), with a combined 62% share of total exports. Benin, Lebanon, Guinea, Venezuela, Gabon, Democratic Republic of the Congo, Azerbaijan, Ghana, Iraq and Morocco lagged somewhat behind, together comprising a further 28%.
Lebanon, with a CAGR of +56.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average frozen turkey cut export price amounted to $X per ton, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Turkey Cut Imports
Imports into Turkey
In 2022, purchases abroad of frozen cuts of turkey decreased by 0% to X tons, falling for the fifth year in a row after four years of growth. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 564% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.
In value terms, frozen turkey cut imports totaled $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 425%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, the United States (X tons) constituted the largest supplier of frozen turkey cut to Turkey, accounting for a 57% share of total imports. Moreover, frozen turkey cut imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Kuwait (X tons) ranked third in terms of total imports with a 19% share.
From 2014 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+48.7% per year) and Kuwait (+29.6% per year).
In value terms, the largest frozen turkey cut suppliers to Turkey were Kuwait ($X), the United States ($X) and Brazil ($X), together comprising 96% of total imports. The Netherlands lagged somewhat behind, comprising a further 3.8%.
The Netherlands, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average frozen turkey cut import price amounted to $X per ton, stabilizing at the previous year. In general, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-13.7%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen turkey cut market in Turkey. 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 10122055 - Frozen cuts of turkey
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
- 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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