Report Update Apr 1, 2024

Bangladesh - Frozen Cuts of Turkey - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Bangladesh

The Bangladeshi frozen turkey cut market fell to $X in 2022, dropping by -7.3% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Frozen Turkey Cut Production in Bangladesh

In value terms, frozen turkey cut production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 172% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Frozen Turkey Cut Exports

Export Prices by Country

In 2015, the average frozen turkey cut export price amounted to $X per ton, which is down by -20.8% against the previous year. Over the period under review, the export price showed a precipitous contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2014, and then contracted sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2014 to 2015, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Frozen Turkey Cut Imports

Imports into Bangladesh

After six years of decline, overseas purchases of frozen cuts of turkey increased by 86% to X tons in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 975% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, frozen turkey cut imports surged to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,055%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main frozen turkey cut supplier to Bangladesh, with a 96% share of total imports. It was followed by the United Arab Emirates (X kg), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.3% per year) and Australia (+11.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of frozen cuts of turkey to Bangladesh, comprising 82% of total imports. The second position in the ranking was held by Australia ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+29.4% per year) and the United Arab Emirates (+32.1% per year).

Import Prices by Country

In 2022, the average frozen turkey cut import price amounted to $X per ton, dropping by -11.6% against the previous year. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of turkey in the world?

China remains the largest frozen turkey cut consuming country worldwide, accounting for 29% of total volume. Moreover, frozen turkey cut consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of frozen cuts of turkey in the world?

The country with the largest volume of frozen turkey cut production was China, comprising approx. 28% of total volume. Moreover, frozen turkey cut production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of frozen cuts of turkey to Bangladesh?

In value terms, Saudi Arabia constituted the largest supplier of frozen cuts of turkey to Bangladesh, comprising 82% of total imports. The second position in the ranking was held by Australia $950), with a 15% share of total imports.

What are the leading importers of frozen cuts of turkey from Bangladesh?

In value terms, the Netherlands emerged as the key foreign market for frozen cuts of turkey exports from Bangladesh.

What is the average export price for frozen cuts of turkey in Bangladesh?

The average frozen turkey cut export price stood at $1,486 per ton in 2015, falling by -20.8% against the previous year.

What is the average import price for frozen cuts of turkey in Bangladesh?

The average frozen turkey cut import price stood at $1,732 per ton in 2022, waning by -11.6% against the previous year.

This report provides an in-depth analysis of the frozen turkey cut market in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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