Canada: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Canada

The Canadian frozen whole turkey market declined sharply to $X in 2022, with a decrease of -20.2% against the previous year. Overall, consumption, however, saw a noticeable slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Whole Turkey Production in Canada

In value terms, frozen whole turkey production amounted to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Frozen Whole Turkey Exports

Exports from Canada

In 2022, frozen whole turkey exports from Canada surged to X tons, picking up by 77% compared with 2021 figures. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 369% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen whole turkey exports surged to $X in 2022. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 409% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for frozen whole turkey exports from Canada, with a 74% share of total exports. Moreover, frozen whole turkey exports to the United States exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), fivefold. The third position in this ranking was taken by Mexico (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +69.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+44.8% per year) and Mexico (+1,494.0% per year).

In value terms, the United States ($X) remains the key foreign market for frozen whole turkeys exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 6.8% share of total exports. It was followed by Lebanon, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+39.6% per year) and Lebanon (+218.8% per year).

Export Prices by Country

The average frozen whole turkey export price stood at $X per ton in 2022, picking up by 16% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Turkey Imports

Imports into Canada

Frozen whole turkey imports into Canada reduced sharply to X kg in 2022, waning by -53.6% on the previous year's figure. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 2,700% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen whole turkey imports fell rapidly to $X in 2022. Overall, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 6,800%. 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, Germany (X kg) constituted the largest frozen whole turkey supplier to Canada, with a 79% share of total imports. Moreover, frozen whole turkey imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Germany stood at -17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-40.0% per year) and France (-18.1% per year).

In value terms, Germany ($X) constituted the largest supplier of frozen whole turkeys to Canada, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with an 8.6% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Germany amounted to -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-39.3% per year) and France (-30.1% per year).

Import Prices by Country

In 2022, the average frozen whole turkey import price amounted to $X per ton, rising by 9.3% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 146%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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