U.S. - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Turkey Cut Price in the United States - 2023
Contents:
- Frozen Turkey Cut Price in the United States (FOB) - 2023
- Frozen Turkey Cut Price in the United States (CIF) - 2023
- Frozen Turkey Cut Exports in the United States
- Frozen Turkey Cut Imports in the United States
Frozen Turkey Cut Price in the United States (FOB) - 2023
In September 2023, the average frozen turkey cut export price amounted to $2,067 per ton, approximately reflecting the previous month. Over the period under review, the export price showed a pronounced decrease. The pace of growth was the most pronounced in June 2023 an increase of 6.6% month-to-month. The export price peaked at $3,430 per ton in October 2022; however, from November 2022 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Panama ($4,838 per ton), while the average price for exports to Benin ($1,245 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Turkey Cut Price in the United States (CIF) - 2023
The average frozen turkey cut import price stood at $4,323 per ton in September 2023, with an increase of 46% against the previous month. Overall, import price indicated a measured increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen turkey cut import price increased by +161.4% against June 2023 indices. The growth pace was the most rapid in July 2023 an increase of 143% against the previous month. Over the period under review, average import prices attained the maximum in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($5,396 per ton), while the price for Canada totaled $1,707 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (+3.9%).
Frozen Turkey Cut Exports in the United States
In 2022, the amount of frozen turkey cuts exported from the United States shrank dramatically to 43K tons, with a decrease of -45.3% against 2021 figures. In general, exports continue to indicate a sharp setback. The smallest decline of -12.2% was in 2021.
In value terms, frozen turkey cut exports contracted rapidly to $134M in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
| Export of Frozen Turkey Cut in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 61.6 | 44.7 | 62.8 | 35.3 | -16.9% |
| China | N/A | 27.2 | 14.7 | 9.7 | -40.3% |
| Dominican Republic | 11.7 | 9.7 | 11.0 | 8.7 | -9.4% |
| Guatemala | 6.0 | 7.2 | 8.0 | 8.2 | 11.0% |
| Costa Rica | 7.7 | 6.1 | 5.4 | 7.5 | -0.9% |
| Jamaica | 3.7 | 5.0 | 5.0 | 6.6 | 21.3% |
| Benin | 13.1 | 3.8 | 11.2 | 6.5 | -20.8% |
| Panama | 6.3 | 4.0 | 4.2 | 5.9 | -2.2% |
| Canada | 5.8 | 6.2 | 5.6 | 5.5 | -1.8% |
| Barbados | 1.2 | 1.1 | 1.8 | 2.7 | 31.0% |
| South Africa | 12.6 | 5.3 | 9.9 | 2.1 | -45.0% |
| Haiti | 3.0 | 5.1 | 6.8 | 2.1 | -11.2% |
| Angola | 1.3 | 0.4 | N/A | 0.8 | -14.9% |
| Others | 79.8 | 46.2 | 52.3 | 32.4 | -26.0% |
| Total | 214 | 172 | 199 | 134 | -14.4% |
Top Export Markets for Frozen Turkey Cut from the United States in 2022:
- Mexico (8.4K tons)
- Benin (4.1K tons)
- China (3.7K tons)
- Jamaica (2.9K tons)
- Dominican Republic (2.5K tons)
- Guatemala (2.3K tons)
- Costa Rica (1.8K tons)
- Canada (1.6K tons)
- Panama (1.1K tons)
- South Africa (1.1K tons)
- Haiti (1.0K tons)
- Angola (0.8K tons)
- Barbados (0.8K tons)
Frozen Turkey Cut Imports in the United States
In 2022, the amount of frozen turkey cuts imported into the United States soared to 34K tons, with an increase of 375% on the previous year. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen turkey cut imports soared to $115M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Turkey Cut in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 9.0 | 7.5 | 14.1 | 103 | 125.4% |
| Canada | 2.6 | 4.4 | 5.9 | 12.5 | 68.8% |
| Others | 2.4 | N/A | N/A | N/A | 0% |
| Total | 14.0 | 11.9 | 20.0 | 115 | 101.8% |
Top Suppliers of Frozen Turkey Cut to the United States in 2022:
- Chile (27.4K tons)
- Canada (6.3K tons)
This report provides an in-depth analysis of the frozen turkey cut 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 10122055 - Frozen cuts of turkey
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.
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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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441
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