Report Update Apr 1, 2024

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

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Chile: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Chile

The Chilean frozen turkey cut market fell rapidly to $X in 2022, which is down by -69.4% against the previous year. Overall, consumption recorded a perceptible reduction. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Frozen Turkey Cut Production in Chile

In value terms, frozen turkey cut production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 80%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Frozen Turkey Cut Exports

Exports from Chile

After three years of decline, shipments abroad of frozen cuts of turkey increased by 89% to X tons in 2022. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, frozen turkey cut exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export Prices by Country

The average frozen turkey cut export price stood at $X per ton in 2022, with an increase of 49% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen turkey cut export price increased by +58.0% against 2020 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Africa ($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 China (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports into Chile

Frozen turkey cut imports into Chile shrank significantly to X tons in 2022, with a decrease of -16% on the year before. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 111% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, frozen turkey cut imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 188%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of frozen turkey cut to Chile, accounting for a 94% share of total imports. Moreover, frozen turkey cut imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +7.3%.

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of turkey to Chile, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 4.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +20.3%.

Import Prices by Country

The average frozen turkey cut import price stood at $X per ton in 2022, picking up by 85% against the previous year. In general, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.1%).

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, comprising approx. 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?

China constituted the country with the largest volume of frozen turkey cut production, 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 Chile?

In value terms, Brazil constituted the largest supplier of frozen cuts of turkey to Chile, comprising 95% of total imports. The second position in the ranking was held by the United States, with a 4.9% share of total imports.

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

In value terms, the United States remains the key foreign market for frozen cuts of turkey exports from Chile, comprising 56% of total exports. The second position in the ranking was held by Mexico, with a 21% share of total exports. It was followed by China, with a 12% share.

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

The average frozen turkey cut export price stood at $3,899 per ton in 2022, surging by 49% against the previous year.

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

In 2022, the average frozen turkey cut import price amounted to $7,738 per ton, surging by 85% against the previous year.

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

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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