Mexico and Germany Constitute the Largest Markets for Imported Turkey Meat

Poultry May 21, 2018
Author: Anna Sergeeva
Market Analyst

IndexBox has just published a new report "World: Turkey Meat - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Global Turkey Meat Market Accelerated Slightly

In 2016, the global market of turkey meat increased by 9% to 6.2M tonnes, after languishing over the previous three years; prior to that, it also remained relatively stable. In wholesale prices, the market reached $13.5B in 2016, growing by +3.6% per year from 2007 to 2016; however, it indicated mixed trend pattern with regard to the total consumption figures. A significant increase in 2008 (16% Y-o-Y) was followed by a sharp decline in 2009 (86% Y-o-Y). Over the next two years the market recovered gradually and then leveled off over the next five years.

Global Consumption of Turkey Meat Is Expected to Reach 6.7M Tonnes by 2025

Turkey meat is a product of stable demand in North America, Europe and Latin America, but the levels of per capita consumption vary from country to country. Turkey meat consumption is largely determined by the level of income of the population and seasonality (government holidays and Christmas), thus, countries with a high standard of living traditionally have higher per capita consumption of turkey meat. On the other hand, the rise in living standards and the rapid pace of urbanization, increasing popularity of western diet in Asia and higher attention for lower fat intake have led to a significant increase in production and consumption of turkey meat across the world over the last decade.

Given the backdrop of global population growth, which drives the demand for food, a gradual increase in household incomes and in a turnover of retail trade amid continuing urbanization will be the main drivers behind the growth of the global meat consumption, which should also affect the turkey meat market. On the other hand, improved meat supply thanks to the development of production capacities, along with maintaining strict poultry standards should secure capabilities to meet the market demand.

Therefore, the performance of the market is predicted to grow with an anticipated CAGR of +0.8% for the next nine years, which is forecasted to bring the market volume to 6.7M tonnes by 2025.

The U.S. and Large European Countries Constitute Major Markets for Turkey Meat

The U.S. (2,519K tonnes) dominated global turkey meat consumption, alone comprising approx. 41% of the global figure. In terms of the turkey meat consumption, the U.S. was followed by Brazil (8.1%), Germany (8.0%), France (5.5%), Italy (4.4%), Russia (3.7%), Spain (3.0%), Mexico (2.8%), the UK (2.7%), Canada (2.3%), Israel (1.5%), Chile (1.4%), Tunisia (1.2%). The remaining countries together comprised near 15% of the global consumption.

The highest annual growth rates of turkey meat consumption from 2007 to 2016 were recorded in Spain, with +19.2% per year, Russia, with +8.5%, and Brazil, with +5.4% per year. Consequently, Brazil, Russia and Spain strengthened their shares in terms of global turkey meat consumption by +2 percentage points, each, from 2007 to 2016. By contrast, the shares of the U.S. (-4 percentage points) and France (-2 percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Israel (11.5 kg/year in 2016) and the U.S. (7.8 kg/year), which were significantly higher than the world average of 0.8 kg/year. In these countries, per capita consumption reduced slightly from 2007-2016.

Global Turkey Meat Production Increased Notably over the Last Year

Production of turkey meat reached 6.3M tonnes in 2016, with an overall upward trend. This figure was 482K tonnes (or 8%) more than the year before and 797K tonnes (or 14%) more than the outset level. In value terms, an overall expansion of the global output was more pronounced – it increased from $9.8B in 2007 to $13.5B in 2016. The trend pattern, however, was not totally consistent: the value of production dropped by 14% in 2009, recovering over the next two years and then leveling off through to 2016.

The U.S. Produced 43% of Global Turkey Meat Output

The U.S. remains the key world turkey meat producing country with an output of about 2.7M tonnes in 2016, which accounted for 43% of total global output. The other major producers were Brazil (9%), Germany (8%), France (6%), Italy (5%), Russia (4%), Spain, Poland, Canada, the UK (3%, each). In the U.S., production level reduced somewhat in 2009 but then recovered gradually, returning to its outset level in 2016. The highest pace of growth with regard to turkey meat production was observed in Spain (+25.9% from 2007-2016) and Russia (+22.3%).

Approx. 17% of the Global Production Was Exported

Turkey meat is a widely traded commodity, with the share of export in the global output standing at approx. 16-18% from 2007-2016. High trade intensity is determined mainly by substantial distances between the main countries of turkey meat production and some major consuming countries. Turkey meat will continue to be highly traded, fueled by increasing consumption and intense global and regional integration.

The U.S. Remains the Largest Supplier of Turkey Meat

In 2016, the volume of global exports totalled 1,080K tonnes, with a mixed trend pattern over the last few years. A gradual increase over the period from 2007 to 2008 was followed by a pronounced decline in 2009 caused by a slump in consumption due to declining incomes on the backdrop of the financial crisis in the U.S. and throughout the world. Afterwards, the volume of exports increased gradually from 2010-2012, recovering from its recessionary slump, and then flattened over the next two years. In 2015, however, it dropped somewhat, pressured by rising price in the U.S., which remains the largest global exporter of turkey meat; the volume of exports then bounced back slightly in 2016, when the price went down. In value terms, global exports of turkey meat amounted to $2,501M in 2016, declining noticeably for the second consecutive year: in 2015, it reflected the decline of the volume of exports, then it was caused by a drop in export price in 2016.

The U.S. (216K tonnes), Poland (172K tonnes), Germany (109K tonnes), Brazil (94K tonnes), France (81K tonnes), Italy (71K tonnes) and Spain (50K tonnes) were the main global suppliers of turkey meat with a combined share of 73% of global exports. From 2007 to 2016, Poland (+10.4% per year) and Spain (+11.8% per year) were the fastest growing suppliers among the major exporters.

Mexico and Germany Constitute the Largest Markets for Imported Turkey Meat

The volume of global imports totalled 990K tonnes, equating $2,481M in 2016. The trend pattern of imports generally mirrored that of exports: these trade flows globally complement each other.

In 2016, Mexico (157K tonnes) and Germany (117K tonnes) constituted the largest importers of turkey meat, followed by Benin (49K tonnes), Belgium (44K tonnes), Spain (43K tonnes), the UK (39K tonnes) and Austria (37K tonnes); all these countries together comprised 44% of the global imports. Benin (+7.4% per year), the UK (+3.8% per year), Germany (+3.4% per year) and Spain (+3.2% per year) gained the highest annual growth rates from 2007 to 2016, while imports to Mexico contracted by -2.2% annually over the same period. Therefore, the share of Mexico contracted from 20% in 2007 to 16% in 2016, while the shares of Germany (+3 percentage points) and Benin (+2 percentage points) increased. The shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global turkey meat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • turkey meat market share
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  • turkey meat import
  • turkey meat export
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  • turkey meat price forecast
  • key turkey meat producers

Source: World: Turkey Meat - Market Report. Analysis And Forecast To 2025