
Belgium - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights
Belgium: Turkey Meat Market 2023
Turkey Meat Market Size in Belgium
The Belgian turkey meat market soared to $X in 2022, growing by 51% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Turkey Meat Production in Belgium
In value terms, turkey meat production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25%. Turkey meat production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.
In 2022, the average turkey meat yield in Belgium shrank modestly to X kg per head, leveling off at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 5.2% against the previous year. The turkey meat yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.
In 2022, number of animals slaughtered for turkey meat production in Belgium amounted to X heads, approximately reflecting 2021. In general, the number of producing animals, however, recorded a slight descent. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by 2.1% against the previous year. As a result, the amount of producing animals reached the peak level of X heads. From 2014 to 2022, the growth of this number remained at a lower figure.
Turkey Meat Exports
Exports from Belgium
In 2022, approx. X tons of turkey meat were exported from Belgium; which is down by -53.8% on the previous year. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.
In value terms, turkey meat exports contracted remarkably to $X in 2022. In general, exports recorded a mild setback. The most prominent rate of growth was recorded in 2020 when exports increased by 80% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
Exports by Country
The Netherlands (X tons), France (X tons) and Ghana (X tons) were the main destinations of turkey meat exports from Belgium, with a combined 58% share of total exports. Germany, Democratic Republic of the Congo, Luxembourg, Benin, the UK, Lithuania, Liberia, Angola, Azerbaijan and Jordan lagged somewhat behind, together comprising a further 32%.
From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +8.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for turkey meat exported from Belgium were France ($X), the Netherlands ($X) and Luxembourg ($X), with a combined 75% share of total exports. Germany, Ghana, Democratic Republic of the Congo, Benin, the UK, Angola, Liberia, Lithuania, Azerbaijan and Jordan lagged somewhat behind, together comprising a further 20%.
Among the main countries of destination, the UK, with a CAGR of +12.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average turkey meat export price stood at $X per ton in 2022, increasing by 44% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by +81.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Jordan ($X 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 Ghana (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Meat Imports
Imports into Belgium
In 2022, approx. X tons of turkey meat were imported into Belgium; approximately equating 2021 figures. In general, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2016 with an increase of 18%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.
In value terms, turkey meat imports surged to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
France (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of turkey meat imports to Belgium, with a combined 91% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest turkey meat suppliers to Belgium were France ($X), Poland ($X) and Germany ($X), together accounting for 90% of total imports.
In terms of the main suppliers, Poland, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average turkey meat import price stood at $X per ton in 2022, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2021 an increase of 18%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
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This report provides an in-depth analysis of the turkey meat market in Belgium. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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