
World - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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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 $X in 2017, dropping by -X% 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 X% y-o-y. In that year, the global turkey meat market reached their peak level of $X. 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 X 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 X% against the previous year.
The UK (X tonnes) constituted the country with the largest volume of turkey meat production, accounting for X% of total production. Moreover, turkey meat production in the UK exceeded the figures recorded by the world's second largest producer, Hungary (X tonnes), twofold. The third position in this ranking was occupied by Tunisia (X tonnes), with a X% 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 (-X% per year) and Tunisia (+X% per year).
Global average turkey meat yield stood at X kg per X 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 X% y-o-y.
Global number of animals slaughtered for turkey meat production totaled X 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 X% against the previous year.
Turkey Meat Exports
Exports 2007-2017
In 2017, the amount of turkey meat exported worldwide amounted to X tonnes, growing by X% against the previous year. The total export volume increased an average annual rate of +X% 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 $X (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 $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.
Exports by Country
In 2017, the U.S. (X tonnes), distantly followed by Poland (X tonnes), Germany (X tonnes), Brazil (X tonnes), France (X tonnes) and Italy (X tonnes) represented the key exporters of turkey meat, together generating X% of total exports. The following exporters - Spain (X tonnes), Hungary (X tonnes), the UK (X tonnes), Chile (X tonnes), Canada (X tonnes) and the Netherlands (X tonnes) together made up X% of total exports.
From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain (+X% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($X), Poland ($X) and Germany ($X) were the countries with the highest levels of exports in 2017, together comprising X% 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 X%.
Spain (+X% 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 $X per tonne in 2017, falling by -X% 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 X% y-o-y. Global export price peaked of $X per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.
Export prices varied noticeably by the country of destination; the country with the highest export price was Hungary ($X per tonne), while Canada ($X 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. (+X% 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 X 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 X% against the previous year. Over the period under review, the global turkey meat imports reached its maximum volume of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.
In value terms, turkey meat imports stood at $X (IndexBox estimates) in 2017. The total import value increased an average annual rate of +X% 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 $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.
Imports by Country
In 2017, Mexico (X tonnes) and Germany (X tonnes) were the key importers of turkey meat in the globe, together reaching approx. X% of total imports. It was distantly followed by Saudi Arabia (X tonnes) and the UK (X tonnes), together committing X% share of total imports. Benin (X tonnes), China (X tonnes), South Africa (X tonnes), Spain (X tonnes), Austria (X tonnes), Belgium (X tonnes), France (X tonnes) and Portugal (X tonnes) held the minor share of total imports.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other global leaders experienced more modest paces of growth.
In value terms, Germany ($X), Mexico ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2017, together comprising X% of global imports.
In terms of the main importing countries , Saudi Arabia (+X% 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 $X per tonne in 2017, approximately equating the previous year. In general, turkey meat import price continues to indicate a relatively flat trend pattern.
There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Austria ($X per tonne), while South Africa ($X 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 (+X% per year), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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