United Kingdom - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in UK Increases 7%, Averaging $4,564 per Ton After Two Consecutive Months of Increase
United Kingdom Turkey Meat Import Price in March 2023
In March 2023, the turkey meat price stood at $4,564 per ton (CIF, United Kingdom), growing by 6.9% against the previous month. In general, import price indicated noticeable growth from March 2022 to March 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, turkey meat import price increased by +12.8% against January 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 29% against the previous month. As a result, import price reached the peak level of $7,060 per ton. From January 2023 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,480 per ton), while the price for Belgium ($1,013 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Turkey Meat in United Kingdom (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Germany | 4,795 | 4,399 | 3,118 | 4,811 | 4,029 | 4,897 | 4,802 | 5,522 | 5,866 | 6,196 | 4,891 | 5,347 | 5,480 |
| Poland | 4,761 | 5,362 | 5,303 | 5,295 | 5,325 | 4,294 | 5,067 | 5,404 | 6,097 | 6,977 | 5,903 | 5,411 | 5,297 |
| Ireland | 4,314 | 3,925 | 6,004 | 3,166 | 3,963 | 2,733 | 2,344 | 2,827 | 6,493 | 9,852 | 4,787 | 5,003 | 4,688 |
| Romania | 4,099 | 4,503 | 5,359 | 4,485 | 4,185 | 4,630 | 3,999 | 4,542 | 5,191 | 6,368 | 4,664 | 4,531 | 4,594 |
| Italy | 3,077 | 3,488 | 3,805 | 2,627 | 3,508 | 4,166 | 2,531 | 4,617 | 5,169 | 7,241 | 4,519 | 4,268 | 4,317 |
| Spain | 2,320 | N/A | 747 | 5,905 | 1,121 | 468 | 2,171 | 465 | 3,794 | 4,252 | 2,676 | 1,744 | 1,593 |
| France | 1,278 | 4,611 | 1,337 | 4,071 | 1,711 | 2,209 | 1,147 | 1,634 | 1,457 | 2,577 | 1,054 | 1,067 | 1,133 |
| Belgium | 2,625 | N/A | N/A | 718 | N/A | 1,778 | 5,435 | 915 | 3,313 | 1,059 | N/A | 1,313 | 1,013 |
| Average | 3,600 | 4,605 | 4,806 | 4,526 | 4,397 | 3,877 | 3,668 | 4,640 | 5,478 | 7,060 | 4,046 | 4,267 | 4,564 |
United Kingdom Turkey Meat Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In March 2023, the product with the highest price was fresh or chilled whole turkeys ($5,909 per ton), while the price for frozen cuts of turkey ($2,968 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by frozen whole turkey (+14.4%), while the prices for the other products experienced more modest paces of growth.
United Kingdom Turkey Meat Imports
In March 2023, approximately 1.3K tons of turkey meat were imported into the UK; increasing by 15% on February 2023 figures. Over the period under review, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in December 2022 with an increase of 61% m-o-m. As a result, imports attained the peak of 6.2K tons. From January 2023 to March 2023, the growth of imports remained at a lower figure.
In value terms, turkey meat imports surged to $5.8M (IndexBox estimates) in March 2023. Overall, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in December 2022 when imports increased by 107% against the previous month. As a result, imports attained the peak of $44M. From January 2023 to March 2023, the growth of imports failed to regain momentum.
United Kingdom Turkey Meat Imports by Type
Fresh or chilled cuts of turkey (671 tons), frozen cuts of turkey (434 tons) and fresh or chilled whole turkeys (156 tons) were the main products of turkey meat imports to the UK.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by fresh or chilled whole turkey (with a CAGR of +1.9%), while imports for the other products experienced a decline.
In value terms, fresh or chilled cuts of turkey ($3.5M) constituted the largest type of turkey meat supplied to the UK, comprising 62% of total imports. The second position in the ranking was held by frozen cuts of turkey ($1.3M), with a 22% share of total imports.
United Kingdom Turkey Meat Imports by Country
Poland (523 tons), Germany (280 tons) and France (147 tons) were the main suppliers of turkey meat imports to the UK, together comprising 75% of total imports.
From March 2022 to March 2023, the biggest increases were in Germany (with a CAGR of +10.4%), while purchases for the other leaders experienced a decline.
In value terms, the largest turkey meat suppliers to the UK were Poland ($2.8M), Germany ($1.5M) and Ireland ($430K), together accounting for 82% of total imports.
Germany, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the turkey meat market in the UK. 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.
Product coverage:
- FCL 1080 - Turkey meat
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
