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

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Article Publishing Date: Jun 4, 2019

Global Turkey Meat Market 2019 - Key Insights

IndexBox has just published a new report, the World - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The global turkey meat market revenue amounted to $544M in 2017, dropping by -11.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, turkey meat consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, with an increase of 25% y-o-y. In that year, the global turkey meat market reached their peak level of $622M. From 2014 to 2017, growth of the global turkey meat market failed to regain its momentum.

Turkey Meat Production


In 2017, the global production of turkey meat totaled 6.1M tonnes, approximately equating the previous year. In general, turkey meat production continues to indicate a modest expansion. The pace of growth was the most pronounced in 2016, with an increase of 7% against the previous year.

The UK (165K tonnes) constituted the country with the largest volume of turkey meat production, accounting for 2.7% of total production. Moreover, turkey meat production in the UK exceeded the figures recorded by the world's second largest producer, Hungary (79K tonnes), twofold. The third position in this ranking was occupied by Tunisia (79K tonnes), with a 1.3% share.

From 2007 to 2017, the average annual rate of growth in terms of volume in the UK was relatively modest. In the other countries, the average annual rates were as follows: Hungary (-2.6% per year) and Tunisia (+7.4% per year).

Global average turkey meat yield stood at 9,097 kg per 1000 heads in 2017, therefore, remained relatively stable against the previous year. In general, turkey meat yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of 2.7% y-o-y.

Global number of animals slaughtered for turkey meat production totaled 676M heads in 2017, remaining relatively unchanged against the previous year. In general, turkey meat producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of 6% against the previous year.

Turkey Meat Exports


Exports 2007-2017


In 2017, the amount of turkey meat exported worldwide amounted to 1.1M tonnes, growing by 2% against the previous year. The total export volume increased an average annual rate of +1.0% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.

In value terms, turkey meat exports totaled $2.6B (IndexBox estimates) in 2017. Overall, turkey meat exports continue to indicate a relatively flat trend pattern. Over the period under review, the global turkey meat exports attained its peak figure level of $3B in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Exports by Country


In 2017, the U.S. (280K tonnes), distantly followed by Poland (160K tonnes), Germany (112K tonnes), Brazil (90K tonnes), France (86K tonnes) and Italy (68K tonnes) represented the key exporters of turkey meat, together generating 70% of total exports. The following exporters - Spain (49K tonnes), Hungary (36K tonnes), the UK (33K tonnes), Chile (25K tonnes), Canada (25K tonnes) and the Netherlands (24K tonnes) together made up 17% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain (+8.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($521M), Poland ($471M) and Germany ($330M) were the countries with the highest levels of exports in 2017, together comprising 51% of global exports. These countries were followed by Italy, Brazil, France, Hungary, Spain, Chile, the UK, the Netherlands and Canada, which together accounted for a further 36%.

Spain (+7.6% per year) recorded the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country


The average turkey meat export price stood at $2,281 per tonne in 2017, falling by -2.6% against the previous year. Overall, turkey meat export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of 11% y-o-y. Global export price peaked of $2,638 per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Hungary ($3,208 per tonne), while Canada ($1,250 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+1.7% per year), while the other global leaders experienced more modest paces of growth.

Turkey Meat Imports


Imports 2007-2017


In 2017, the global imports of turkey meat amounted to 1.1M tonnes, approximately reflecting the previous year. In general, turkey meat imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012, when it surged by 9.7% against the previous year. Over the period under review, the global turkey meat imports reached its maximum volume of 1.1M tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, turkey meat imports stood at $2.7B (IndexBox estimates) in 2017. The total import value increased an average annual rate of +1.5% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global turkey meat imports attained its peak figure level of $3.1B in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Imports by Country


In 2017, Mexico (164K tonnes) and Germany (112K tonnes) were the key importers of turkey meat in the globe, together reaching approx. 25% of total imports. It was distantly followed by Saudi Arabia (63K tonnes) and the UK (51K tonnes), together committing 11% share of total imports. Benin (44K tonnes), China (42K tonnes), South Africa (40K tonnes), Spain (39K tonnes), Austria (36K tonnes), Belgium (34K tonnes), France (31K tonnes) and Portugal (26K tonnes) held the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+7.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($345M), Mexico ($292M) and Saudi Arabia ($257M) were the countries with the highest levels of imports in 2017, together comprising 33% of global imports.

In terms of the main importing countries , Saudi Arabia (+16.1% per year) recorded the highest growth rate of imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country


The average turkey meat import price stood at $2,518 per tonne in 2017, approximately equating the previous year. In general, turkey meat import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Austria ($4,170 per tonne), while South Africa ($1,227 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+9.8% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 1080 - Turkey meat

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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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:
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Producing Animals, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Producing Animals, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Producing Animals, By Country, 2018
Figure 24:
Producing Animals, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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