Saudi Arabia - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Turkey Cut Price in Saudi Arabia - 2021
Contents:
- Frozen Turkey Cut Price in Saudi Arabia (CIF) - 2022
- Frozen Turkey Cut Price in Saudi Arabia (FOB) - 2022
- Frozen Turkey Cut Imports in Saudi Arabia
- Frozen Turkey Cut Exports in Saudi Arabia
Frozen Turkey Cut Price in Saudi Arabia (CIF) - 2022
The average frozen turkey cut import price stood at $4,813 per ton in 2022, with an increase of 15% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen turkey cut import price decreased by -12.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 80% against the previous year. As a result, import price reached the peak level of $5,477 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.1% per year.
Frozen Turkey Cut Price in Saudi Arabia (FOB) - 2022
The average frozen turkey cut export price stood at $4,586 per ton in 2021, which is down by -12.2% against the previous year. In general, the export price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 109%. As a result, the export price reached the peak level of $6,581 per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($5,356 per ton), while the average price for exports to Yemen ($1,758 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Turkey Cut Imports in Saudi Arabia
In 2022, approx. 1.5K tons of frozen turkey cuts were imported into Saudi Arabia; waning by -3.6% on the year before. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%.
In value terms, frozen turkey cut imports expanded remarkably to $7.3M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, imports attained the peak of $8M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Turkey Cut in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.1 | 1.1 | N/A | 6.9 | 30.6% |
| Poland | N/A | 6.4 | 0.9 | N/A | -85.9% |
| Jordan | N/A | 0.3 | 3.1 | N/A | 933.3% |
| France | 1.0 | N/A | N/A | N/A | 0% |
| Russia | N/A | N/A | 1.8 | N/A | 0% |
| Brazil | 0.6 | N/A | 0.4 | N/A | -18.4% |
| Ukraine | 0.4 | N/A | 0.4 | N/A | 0.0% |
| Others | 0.2 | 0.2 | N/A | 0.4 | 26.0% |
| Total | 5.3 | 8.0 | 6.6 | 7.3 | 11.3% |
Top Suppliers of Frozen Turkey Cut to Saudi Arabia in 2022:
- Turkey (1423.5 tons)
Frozen Turkey Cut Exports in Saudi Arabia
In 2022, overseas shipments of frozen turkey cuts decreased by -5.9% to 67 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports reached the peak of 72 tons, and then shrank in the following year.
In value terms, frozen turkey cut exports reached $329K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of $330K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Turkey Cut in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Jordan | N/A | N/A | 214 | 0% | |
| Poland | N/A | N/A | 97.2 | 0% | |
| Bahrain | N/A | N/A | 9.9 | 0% | |
| Yemen | 83.0 | N/A | 7.7 | -69.5% | |
| Oman | 15.6 | N/A | N/A | 0% | |
| Others | 114 | 330 | N/A | 189.5% | |
| Total | 212 | 330 | 329 | 24.6% | |
Top Export Markets for Frozen Turkey Cut from Saudi Arabia in 2022:
- Jordan (39.9 tons)
- Poland (25.0 tons)
- Yemen (4.4 tons)
- Bahrain (2.4 tons)
This report provides an in-depth analysis of the frozen turkey cut market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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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