Portugal - Fresh Or Chilled Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Portugal - Fresh Or Chilled Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fresh or Chilled Turkey Cut in Portugal - 2023

Contents:

  1. Price for Fresh or Chilled Turkey Cut in Portugal (CIF) - 2023
  2. Price for Fresh or Chilled Turkey Cut in Portugal (FOB) - 2022
  3. Imports of Fresh or Chilled Turkey Cut in Portugal
  4. Exports of Fresh or Chilled Turkey Cut in Portugal

Price for Fresh or Chilled Turkey Cut in Portugal (CIF) - 2023

The average import price for fresh or chilled turkey cuts stood at $4,218 per ton in August 2023, waning by -7.6% against the previous month. In general, the import price continues to indicate a slight slump. The growth pace was the most rapid in January 2023 an increase of 10% month-to-month. As a result, import price reached the peak level of $5,371 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($4,650 per ton), while the price for Italy ($3,723 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (-1.5%), while the prices for the other major suppliers experienced a decline.

Price for Fresh or Chilled Turkey Cut in Portugal (FOB) - 2022

The average export price for fresh or chilled turkey cuts stood at $2,818 per ton in 2022, dropping by -5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of 69%. Over the period under review, the average export prices reached the peak figure at $2,983 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($8,215 per ton), while the average price for exports to Democratic Republic of the Congo ($453 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Turkey Cut in Portugal

In 2022, supplies from abroad of fresh or chilled turkey cuts decreased by -17.7% to 13K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 1.2%. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh or chilled turkey cut imports rose sharply to $65M in 2022. Overall, imports saw a pronounced shrinkage.

Import of Fresh or Chilled Turkey Cut in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain37.724.624.036.8-0.8%
Italy19.115.817.514.9-7.9%
Germany5.310.917.911.830.6%
Poland8.25.10.61.4-44.5%
Others0.40.20.20.40.0%
Total70.756.660.265.3-2.6%

Top Suppliers of Fresh or Chilled Turkey Cut to Portugal in 2022:

  1. Spain (7.5K tons)
  2. Italy (3.2K tons)
  3. Germany (2.2K tons)
  4. Poland (0.2K tons)

Exports of Fresh or Chilled Turkey Cut in Portugal

In 2022, shipments abroad of fresh or chilled turkey cuts decreased by -26.9% to 332 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of 454 tons, and then contracted markedly in the following year.

In value terms, fresh or chilled turkey cut exports contracted remarkably to $935K in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of $1.4M, and then contracted remarkably in the following year.

Export of Fresh or Chilled Turkey Cut in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain3694851,0054809.2%
France38.941.247.926990.5%
Luxembourg63.181.375.778.87.7%
Benin24.8N/A66.377.946.5%
Democratic Republic of the Congo23.648.7N/A12.2-19.7%
HaitiN/A27.9N/AN/A0%
Gabon25.848.055.3N/A46.4%
Congo59.5N/AN/AN/A0%
Azerbaijan52.427.0N/AN/A-48.5%
DenmarkN/AN/A20.0N/A0%
GhanaN/AN/A21.9N/A0%
Others54.852.162.917.0-32.3%
Total7118111,3549359.6%

Top Export Markets for Fresh or Chilled Turkey Cut from Portugal in 2022:

  1. Spain (150.5 tons)
  2. France (81.6 tons)
  3. Benin (54.0 tons)
  4. Democratic Republic of the Congo (27.0 tons)
  5. Luxembourg (14.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fresh or chilled turkey cut in Portugal. 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 10121060 - Fresh or chilled cuts of turkey

Country coverage:

  • Portugal

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Portugal
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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