Canada: Turkey Meat Market 2024

Turkey Meat Market Size in Canada

In 2022, the Canadian turkey meat market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a relatively flat trend pattern. Turkey meat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Turkey Meat Production in Canada

In value terms, turkey meat production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Turkey meat production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average turkey meat yield in Canada totaled X kg per head, approximately reflecting the year before. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the average turkey meat yield reached the peak level in 2022 and is expected to retain growth in the near future.

In 2022, the number of animals slaughtered for turkey meat production in Canada totaled X heads, approximately mirroring the previous year's figure. Overall, the number of producing animals, however, showed a slight reduction. The pace of growth appeared the most rapid in 2015 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for turkey meat production peaked at X heads in 2016; however, from 2017 to 2022, producing animals remained at a lower figure.

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Turkey Meat Exports

Exports from Canada

After three years of growth, overseas shipments of turkey meat decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, turkey meat exports expanded markedly to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for turkey meat exports from Canada, with a X% share of total exports. Moreover, turkey meat 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 Jamaica (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Jamaica (X% per year).

In value terms, the United States ($X) remains the key foreign market for turkey meat exports from Canada, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the average turkey meat export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($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 Jamaica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Canada

In 2022, approx. X tons of turkey meat were imported into Canada; jumping by X% on the previous year's figure. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, turkey meat imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of turkey meat to Canada, accounting for a X% share of total imports. Moreover, turkey meat imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Poland (X% per year).

In value terms, the United States ($X) constituted the largest supplier of turkey meat to Canada, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Poland ($X per ton), while the price for Chile ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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