U.S. - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFrozen Whole Turkey Price in America Falls 4%, Averaging $3,233 per Ton
U.S. Frozen Whole Turkey Export Price in December 2022
In December 2022, the frozen whole turkey price amounted to $3,233 per ton (FOB, US), falling by -3.8% against the previous month. In general, export price indicated resilient growth from January 2022 to December 2022: its price increased at an average monthly rate of +6.1% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, frozen whole turkey export price increased by +6.4% against October 2022 indices. The growth pace was the most rapid in March 2022 an increase of 41% month-to-month. The export price peaked at $3,359 per ton in November 2022, and then dropped slightly in the following month.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Cuba ($4,915 per ton), while the average price for exports to El Salvador ($2,601 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Frozen Whole Turkey Exports
In December 2022, overseas shipments of frozen whole turkeys decreased by -1.6% to 1.3K tons, falling for the second month in a row after two months of growth. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in May 2022 with an increase of 428% month-to-month. The exports peaked at 2.1K tons in October 2022; however, from November 2022 to December 2022, the exports failed to regain momentum.
In value terms, frozen whole turkey exports contracted to $4.1M (IndexBox estimates) in December 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in May 2022 when exports increased by 385% month-to-month. Over the period under review, the exports hit record highs at 6.6K tons in September 2022; however, from October 2022 to December 2022, the exports failed to regain momentum.
U.S. Frozen Whole Turkey Exports by Country
El Salvador (504 tons), Mexico (288 tons) and Antigua and Barbuda (135 tons) were the main destinations of frozen whole turkey exports from the United States, with a combined 72% share of total exports.
From January 2022 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +306.0%), while the other leaders experienced more modest paces of growth.
In value terms, El Salvador ($1.3M), Mexico ($1.1M) and Cuba ($479K) were the largest markets for frozen whole turkey exported from the United States worldwide, together comprising 71% of total exports. Bahamas, Antigua and Barbuda, Panama and the United Arab Emirates lagged somewhat behind, together accounting for a further 25%.
Antigua and Barbuda, with a CAGR of +284.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Frozen Whole Turkey Prices
The main factor influencing the price of a frozen whole turkey is the cost of poultry feed. Poultry feed prices are affected by the cost of corn and soybeans, which are two of the main ingredients in feed. The cost of these commodities is influenced by factors such as weather and global demand.
In addition to production costs, marketing and transportation costs also play a role in determining the price of frozen turkeys. Producers incur costs for advertising and promotion, as well as for packaging and shipping their product to retailers.
Another factor that can impact turkey prices is avian influenza outbreaks. These outbreaks can lead to higher costs for producers as they incur additional expenses related to biosecurity measures and increased mortality rates. Finally, government policies such as tariffs on imported turkeys can also influence prices.
This report provides an in-depth analysis of the frozen whole turkey market in the U.S.. 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:
- Prodcom 10122015 - Frozen whole turkeys
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
