Report Belgium - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 6, 2023

Belgium - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for turkey meat in the world?
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The country with the largest volume of turkey meat consumption was the United States, accounting for 42% of total volume. Moreover, turkey meat consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fivefold. The third position in this ranking was taken by Germany, with a 7.6% share.
What are the largest producers of turkey meat in the world?
+
The United States remains the largest turkey meat producing country worldwide, accounting for 44% of total volume. Moreover, turkey meat production in the United States exceeded the figures recorded by the second-largest producer, Brazil, fivefold. The third position in this ranking was held by Germany, with a 7.9% share.
What are the leading suppliers of turkey meat to Belgium?
+
In value terms, the largest turkey meat suppliers to Belgium were France, Poland and Germany, together comprising 90% of total imports.
What are the leading importers of turkey meat from Belgium?
+
In value terms, the largest markets for turkey meat exported from Belgium were France, the Netherlands and Luxembourg, 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%.
What is the average export price for turkey meat in Belgium?
+
The average turkey meat export price stood at $2,869 per ton in 2022, increasing by 44% against the previous year.
What is the average import price for turkey meat in Belgium?
+
In 2022, the average turkey meat import price amounted to $3,906 per ton, with an increase of 17% against the previous year.

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.


Product coverage:
• FCL 1080 - Turkey meat
Country coverage:
• Belgium

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belgium
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Producing Animals Slaughtered, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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