Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Canada - 2024
Contents:
- Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (FOB) - 2024
- Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (CIF) - 2024
- Exports of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada
- Imports of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada
Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (FOB) - 2024
The average export price for poultry; live, weighing not more than 185g, turkeys meat stood at $2.9 per unit in January 2024, growing by 18% against the previous month. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +0.5% per month.
Price for Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (CIF) - 2024
In January 2024, the average import price for poultry; live, weighing not more than 185g, turkeys meat amounted to $1.7 per unit, with a decrease of -5.9% against the previous month. In general, the import price saw a slight reduction. The growth pace was the most rapid in June 2023 when the average import price increased by 138% m-o-m. As a result, import price attained the peak level of $5.3 per unit. From July 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -1.3% per month.
Exports of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada
In 2022, exports of poultry; live, weighing not more than 185g, turkeys meat from Canada shrank to 8M units, declining by -3.9% compared with the year before. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 0.9%. The exports peaked at 9.6M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of poultry; live, weighing not more than 185g, turkeys meat fell to $22M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports attained the peak of $23M, and then shrank modestly in the following year.
| Export of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.4 | 18.2 | 18.0 | 18.0 | -4.1% |
| Philippines | N/A | N/A | N/A | 2.0 | 0% |
| Others | 2.0 | 1.2 | 5.0 | 2.1 | 1.6% |
| Total | 22.4 | 19.4 | 23.0 | 22.1 | -0.4% |
Top Export Markets for Poultry; Live, Weighing Not More than 185g, Turkeys from Canada in 2022:
- United States (7.5M units)
- Philippines (0.2M units)
Imports of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada
In 2022, the amount of poultry; live, weighing not more than 185g, turkeys meat imported into Canada skyrocketed to 5.8M units, jumping by 34% against 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of poultry; live, weighing not more than 185g, turkeys meat skyrocketed to $14M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Poultry; Live, Weighing Not More than 185g, Turkeys in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 4.8 | 9.9 | 13.9 | 37.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 4.8 | 9.9 | 13.9 | 37.9% |
Top Suppliers of Poultry; Live, Weighing Not More than 185g, Turkeys to Canada in 2022:
- United States (5.8M units)
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