
EU - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
Poland Manages to Expand Turkey Meat Exports While the EU Totals Decrease
IndexBox has just published a new report: 'EU - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Turkey meat exports in the EU decreased slightly over the last year, amounting to 594K tons or $1.5B. Poland remains the top turkey meat exporter in the EU, comprising near 36% of the total figure. The country was the only supplier that coped to keep exports growing in 2020 despite the pace of growth lost momentum from robust gains seen over the previous two years. Germany, Spain and the Czech Republic constituted major foreign markets for exporters from Poland.
Exports in the EU
After two years of growth, shipments abroad of turkey meat decreased by -4.2% to 594K tons in 2020. Over the period under review, exports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2014 when exports increased by 5.5% against the previous year. Over the period under review, exports reached the peak figure at 620K tons in 2019, and then fell slightly in the following year. In value terms, turkey meat exports amounted to $1.5B (IndexBox estimates) in 2020.
Exports by Country
Poland represented the main exporting country with an export of about 216K tons, which resulted at 36% of total exports. Germany (104K tons) ranks second in terms of the total exports with a 18% share, followed by France (11%), Italy (10%), Spain (8.6%) and Hungary (5%). The Netherlands (21K tons) followed a long way behind the leaders.
In 2020, Poland was the only major exporter that maintained a noticeable growth in terms of exports. However, it lost the rapid momentum that was gained over the previous two years. The long-term trend still indicates the impressive country's result: from 2012 to 2020, average annual rates of growth with regard to turkey meat exports from Poland stood at +7.8%.
Over the last decade, exports from Spain and Italy also displayed positive paces of growth, while Germany experienced a relatively flat trend pattern. These countries failed to keep up export gains in 2020. Exports from France, Hungary and the Netherlands not only dropped in 2020 but illustrated a downward trend from 2012-2020.
In value terms, Poland ($549M), Germany ($309M) and Italy ($156M) constituted the countries with the highest levels of exports in 2020, with a combined 67% share of total exports. France, Spain, Hungary and the Netherlands lagged somewhat behind, together comprising a further 24%.
Export Prices by Country
The turkey meat export price in the European Union stood at $2,560 per ton in 2020, dropping by -11.8% against the previous year. Overall, the export price continues to indicate a slight curtailment. The price peaked at $3,245 per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($2,965 per ton), while the Netherlands ($1,831 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the export price figures.
Major Markets for Turkey Meat Exported from Poland
Germany (66K tons) was the main destination for turkey meat exports from Poland, accounting for a 30% share of total exports. Moreover, turkey meat exports to Germany exceeded the volume sent to the second major destination, Spain (25K tons), threefold. The Czech Republic (16K tons) ranked third in terms of total exports with a 7.2% share.
From 2007 to 2020, the average annual growth rate of volume to Germany stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.9% per year) and the Czech Republic (+8.9% per year).
In value terms, Germany ($174M) remains the key foreign market for turkey meat exports from Poland, comprising 32% of total exports. The second position in the ranking was occupied by Spain ($84M), with a 15% share of total exports. It was followed by the Czech Republic, with a 7.8% share.
Key Markets for Turkey Meat Exported from Germany
The Netherlands (18K tons), Austria (17K tons) and Poland (12K tons) were the main destinations of turkey meat exports from Germany, together accounting for 46% of total exports. These countries were followed by France, Spain, Belgium, the UK, Italy, Ireland, Denmark, Portugal, Hong Kong SAR and Switzerland, which together accounted for a further 46%.
From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.
In value terms, Austria ($78M) remains the key foreign market for turkey meat exports from Germany, comprising 25% of total exports. The second position in the ranking was occupied by France ($39M), with a 13% share of total exports. It was followed by the Netherlands, with a 9.3% share.
Major Markets for Turkey Meat Exported from France
Belgium (19K tons) was the main destination for turkey meat exports from France, with a 30% share of total exports. Moreover, turkey meat exports to Belgium exceeded the volume sent to the second major destination, Germany (9.4K tons), twofold. Spain (9.4K tons) ranked third in terms of total exports with a 14% share.
From 2007 to 2020, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.3% per year) and Spain (-6.6% per year).
In value terms, Belgium ($58M) remains the key foreign market for turkey meat exports from France, comprising 41% of total exports. The second position in the ranking was occupied by Germany ($18M), with a 13% share of total exports. It was followed by Spain, with a 10% share.
This report provides an in-depth analysis of the turkey meat market in the EU. 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.
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