Russian Federation - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Turkey Cut Price in Russia - 2022
Contents:
- Frozen Turkey Cut Price in Russia (FOB) - 2022
- Frozen Turkey Cut Price in Russia (CIF) - 2022
- Frozen Turkey Cut Exports in Russia
- Frozen Turkey Cut Imports in Russia
Frozen Turkey Cut Price in Russia (FOB) - 2022
The average frozen turkey cut export price stood at $2,237 per ton in January 2022, declining by -6.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,399 per ton in December 2021, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($4,170 per ton), while the average price for exports to Liberia ($1,200 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Turkey Cut Price in Russia (CIF) - 2022
In January 2022, the average frozen turkey cut import price amounted to $2,150 per ton, approximately mirroring the previous month. In general, import price indicated slight growth from January 2021 to January 2022: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, frozen turkey cut import price increased by +19.6% against November 2021 indices. The pace of growth appeared the most rapid in September 2021 when the average import price increased by 48% month-to-month. Over the period under review, average import prices hit record highs at $2,213 per ton in October 2021; afterwards, it flattened through to January 2022.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +4.7% per month.
Frozen Turkey Cut Exports in Russia
For the fourth consecutive year, Russia recorded growth in shipments abroad of frozen turkey cuts, which increased by 97% to 42K tons in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen turkey cut exports reduced to $46M in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 257% against the previous year. As a result, the exports reached the peak of $47M, and then shrank modestly in the following year.
| Export of Frozen Turkey Cut in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 1.1 | 1.4 | 10.9 | 9.7 | 106.6% |
| China | 1.4 | 5.2 | 13.0 | 8.1 | 79.5% |
| United Arab Emirates | 0.4 | 1.1 | 4.2 | 8.0 | 171.4% |
| Equatorial Guinea | N/A | 0.2 | 1.3 | 4.0 | 347.2% |
| Gabon | N/A | 0.3 | 1.8 | 3.2 | 226.6% |
| Jordan | N/A | N/A | 0.2 | 2.7 | 1250.0% |
| Ukraine | 2.5 | 2.1 | 3.8 | 2.6 | 1.3% |
| Saudi Arabia | N/A | N/A | 2.5 | 1.7 | -32.0% |
| Democratic Republic of the Congo | N/A | 0.2 | 2.2 | 1.7 | 191.5% |
| Liberia | N/A | 0.3 | 1.0 | 1.2 | 100.0% |
| Others | 1.1 | 2.3 | 6.0 | 2.7 | 34.9% |
| Total | 6.5 | 13.1 | 46.8 | 45.6 | 91.4% |
Top Export Markets for Frozen Turkey Cut from Russia in 2022:
- Benin (9.4K tons)
- China (9.3K tons)
- Equatorial Guinea (4.0K tons)
- United Arab Emirates (4.0K tons)
- Democratic Republic of the Congo (2.7K tons)
- Gabon (2.2K tons)
- Liberia (2.0K tons)
- Ukraine (1.3K tons)
- Jordan (1.3K tons)
- Saudi Arabia (0.7K tons)
Frozen Turkey Cut Imports in Russia
In 2022, imports of frozen turkey cuts into Russia fell rapidly to 1.6K tons, with a decrease of -45.6% compared with the previous year's figure. Overall, imports showed a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 51%.
In value terms, frozen turkey cut imports fell significantly to $3M in 2022. Over the period under review, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 56%.
| Import of Frozen Turkey Cut in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 2.5 | 1.7 | 4.3 | 3.0 | 6.3% |
| Chile | 1.0 | 1.6 | 0.9 | N/A | -5.1% |
| Turkey | 5.0 | 0.1 | 0.1 | N/A | -85.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.6 | 3.4 | 5.3 | 3.0 | -29.6% |
Top Suppliers of Frozen Turkey Cut to Russia in 2022:
- Kazakhstan (1.6K tons)
This report provides an in-depth analysis of the frozen turkey cut market in the Russian Federation. 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 10122055 - Frozen cuts of turkey
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
-
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
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