U.S. - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in the United States - 2023
Contents:
- Turkey Meat Price in the United States (FOB) - 2023
- Turkey Meat Price in the United States (CIF) - 2023
- Turkey Meat Exports in the United States
- Turkey Meat Imports in the United States
Turkey Meat Price in the United States (FOB) - 2023
In September 2023, the average turkey meat export price amounted to $2,037 per ton, increasing by 4.3% against the previous month. Overall, the export price, however, recorded a pronounced setback. The export price peaked at $3,159 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Panama ($3,467 per ton), while the average price for exports to Jamaica ($1,317 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 (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
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Turkey Meat Price in the United States (CIF) - 2023
The average turkey meat import price stood at $3,999 per ton in September 2023, rising by 56% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The import price peaked at $4,046 per ton in February 2023; afterwards, it flattened through to 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 $2,458 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (+3.9%).
Turkey Meat Exports in the United States
Turkey meat exports from the United States declined dramatically to 133K tons in 2022, reducing by -37.9% against the previous year's figure. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 0.6% against the previous year.
In value terms, turkey meat exports dropped dramatically to $412M in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $536M, and then reduced notably in the following year.
| Export of Turkey Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 301 | 262 | 370 | 290 | -1.2% |
| Guatemala | 8.8 | 9.9 | 10.8 | 11.0 | 7.7% |
| China | N/A | 27.2 | 14.7 | 9.8 | -40.0% |
| Dominican Republic | 12.9 | 10.9 | 13.0 | 9.1 | -11.0% |
| Canada | 7.0 | 7.9 | 10.2 | 8.0 | 4.6% |
| Jamaica | 3.7 | 5.2 | 5.0 | 6.6 | 21.3% |
| Benin | 13.2 | 3.9 | 11.2 | 6.5 | -21.0% |
| El Salvador | 3.7 | 4.4 | 4.2 | 6.1 | 18.1% |
| South Africa | 12.6 | 5.3 | 9.9 | 2.1 | -45.0% |
| Others | 120 | 78.9 | 86.3 | 62.4 | -19.6% |
| Total | 483 | 416 | 536 | 412 | -5.2% |
Top Export Markets for Turkey Meat from the United States in 2022:
- Mexico (91.8K tons)
- Benin (4.1K tons)
- China (3.7K tons)
- Guatemala (3.1K tons)
- Jamaica (2.9K tons)
- Dominican Republic (2.6K tons)
- Canada (2.1K tons)
- El Salvador (2.1K tons)
- South Africa (1.1K tons)
Turkey Meat Imports in the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of turkey meat, which increased by 285% to 39K tons in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, turkey meat imports surged to $133M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Turkey Meat 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 | 6.8 | 16.7 | 16.9 | 30.6 | 65.1% |
| Others | 2.5 | N/A | N/A | N/A | 0% |
| Total | 18.4 | 24.2 | 30.9 | 133 | 93.4% |
Top Suppliers of Turkey Meat to the United States in 2022:
- Chile (27.4K tons)
- Canada (11.3K tons)
This report provides an in-depth analysis of the turkey meat 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:
- FCL 1080 - Turkey meat
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.
-
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
-
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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433
In July 2022, the turkey meat price per ton amounted to $3,177, rising by 2.8% against the previous month.
515
The turkey meat price per ton stood at $2,860 (FOB, US) in May 2022, waning by -4.4% against the previous month.
763
This November, the price for fresh whole body turkeys surpassed November 2020 figures by 9%, while frozen whole body turkeys jumped 20% y-o-y. A short supply of workers led to lower turkey output and higher prices on the backdrop of consistently strong consumer demand. Turkey imports to the U.S. maintained the previous year’s levels. Canada and Chile remain the only turkey suppliers to America. Unprecedented inflation rates have struck the entire food sector; in October 2021, price increases for meats, poultry, fish and eggs became the highest recorded in the past 30 years.
1015
In 2018, the production of turkey meat in the U.S. totaled 2.7M tons, stabilizing at the previous year. In general, turkey meat production continues to indicate a relatively flat trend pattern, which is largely conditioned by the stability in the dem
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In February 2023, the price of a frozen whole turkey (FOB, US) was $1,971 per ton, a decrease of 33% compared to the previous month.
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In December 2022, the frozen whole turkey price amounted to $3,233 per ton (FOB, US), falling by -3.8% against the previous month.
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The export value of Frozen Whole Chicken increased significantly to $2.1 million in May 2023.
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In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two...
