Canada - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in Canada - 2023
Contents:
- Turkey Meat Price in Canada (FOB) - 2023
- Turkey Meat Price in Canada (CIF) - 2023
- Turkey Meat Exports in Canada
- Turkey Meat Imports in Canada
Turkey Meat Price in Canada (FOB) - 2023
The average turkey meat export price stood at $2,263 per ton in June 2023, approximately equating the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 10% against the previous month. The export price peaked at $2,384 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,914 per ton), while the average price for exports to Trinidad and Tobago ($1,208 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saint Vincent and the Grenadines (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Meat Price in Canada (CIF) - 2023
In June 2023, the average turkey meat import price amounted to $7,070 per ton, rising by 11% against the previous month. In general, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in April 2023 an increase of 151% month-to-month. As a result, import price reached the peak level of $8,325 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for Poland amounted to +21.2% per month.
Turkey Meat Exports in Canada
After three years of growth, overseas shipments of turkey meat decreased by -14.7% to 24K tons in 2022. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22%.
In value terms, turkey meat exports reached $50M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.7% 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 +94.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 35%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Turkey Meat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 16.9 | 16.7 | 30.9 | 65.6% |
| Jamaica | 0.9 | 1.8 | 2.0 | 3.3 | 54.2% |
| Trinidad and Tobago | 1.2 | 2.0 | 2.6 | 3.0 | 35.7% |
| Benin | 2.0 | 0.7 | 1.7 | 3.0 | 14.5% |
| Congo | 1.0 | 1.2 | 0.9 | 1.5 | 14.5% |
| Gabon | 1.7 | 1.6 | 1.6 | 1.2 | -11.0% |
| Saint Vincent and the Grenadines | 0.2 | 0.6 | 0.7 | 1.0 | 71.0% |
| Saint Lucia | 0.3 | 0.3 | 0.7 | 0.7 | 32.6% |
| South Africa | 4.9 | 4.8 | 7.5 | 0.6 | -50.3% |
| Equatorial Guinea | 1.1 | 0.4 | 0.1 | 0.4 | -28.6% |
| Philippines | 0.5 | 0.2 | 2.4 | 0.2 | -26.3% |
| Cuba | 3.0 | 1.2 | 0.7 | N/A | -51.7% |
| Others | 2.4 | 3.3 | 8.0 | 4.5 | 23.3% |
| Total | 26.0 | 35.0 | 45.6 | 50.4 | 24.7% |
Top Export Markets for Turkey Meat from Canada in 2022:
- United States (11.3K tons)
- Trinidad and Tobago (2.1K tons)
- Jamaica (1.8K tons)
- Benin (1.7K tons)
- Congo (0.9K tons)
- Gabon (0.7K tons)
- South Africa (0.6K tons)
- Saint Vincent and the Grenadines (0.6K tons)
- Saint Lucia (0.4K tons)
- Equatorial Guinea (0.3K tons)
- Philippines (0.3K tons)
Turkey Meat Imports in Canada
Turkey meat imports into Canada skyrocketed to 4K tons in 2022, jumping by 43% on the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, turkey meat imports soared to $15M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Turkey Meat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.9 | 7.8 | 10.0 | 8.0 | 5.1% |
| Chile | 1.5 | 0.2 | 0.4 | 3.3 | 30.1% |
| Poland | N/A | N/A | N/A | 2.8 | 0% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 8.0 | 10.4 | 14.6 | 20.2% |
Top Suppliers of Turkey Meat to Canada in 2022:
- United States (2.1K tons)
- Chile (0.9K tons)
- Poland (0.8K tons)
- France (0.1K tons)
This report provides an in-depth analysis of the turkey meat market in Canada. 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:
- FCL 1080 - Turkey meat
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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