Turkey Meat Market - The U.S. Turkey Meat Exports Increased by 11% in 2014

Poultry October 19, 2015
Author: Alexander Romanenko
Chief Executive Officer

turkey meat market

The U.S. continued its dominance in the global turkey meat trade. In 2014, the U.S. exported 333 thousand tonnes of turkey meat totaling 659 million USD, 11% over the previous year. Its primary trading partner on the global turkey meat market was Mexico, where it supplied 67% of its total turkey meat exports in value terms, accounting for 91% of Mexico's total imports.

Overall, the global turkey meat trade reached 3,221 million USD, with a CAGR of 6% from 2007 to 2014. In physical terms, it increased by 902 thousand tonnes in 2007 to 1,217 thousand tonnes in 2014.

In 2014, Germany (17%), Mexico (16%), Austria (7%), the United Kingdom (6%) and France (5%) were the leading destinations of turkey meat imports, together making up 51% of global imports. The share of Mexico increased (+2 percentage points), while the share of Belgium illustrated negative dynamics (-2 percentage points).

Poland and Germany were among the other main global suppliers of turkey meat in 2014 with a combined share of 31% of global exports. However, the fastest growing exporters from 2007 to 2014 were Spain (+16% per year) and the Netherlands (+15% per year). The U.S. strengthened its position in the global export structure, from 17% in 2007 to 20% in 2014.

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Source: World: Turkey Meat - Market Report. Analysis And Forecast To 2020