CIS: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in CIS

The CIS market for fresh or chilled cuts of turkey rose to $X in 2022, with an increase of 4% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in CIS

In value terms, fresh or chilled turkey cut production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 37%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The country with the largest volume of fresh or chilled turkey cut production was Russia (X tons), accounting for 70% of total volume. Moreover, fresh or chilled turkey cut production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), sixfold. Uzbekistan (X tons) ranked third in terms of total production with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (+5.0% per year) and Uzbekistan (+2.9% per year).

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Exports of Fresh Or Chilled Cuts Of Turkey

Exports in CIS

Fresh or chilled turkey cut exports expanded markedly to X tons in 2022, increasing by 6.9% compared with the previous year. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 72% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled turkey cut exports expanded slightly to $X in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 99%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the main exporter of fresh or chilled cuts of turkey in the CIS, with the volume of exports accounting for X tons, which was near 80% of total exports in 2022. It was distantly followed by Russia (X tons), making up a 17% share of total exports. Belarus (X tons) followed a long way behind the leaders.

Exports from Kazakhstan increased at an average annual rate of +13.8% from 2012 to 2022. At the same time, Russia (+26.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +26.0% from 2012-2022. By contrast, Belarus (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Russia increased by +16 and +12 percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest fresh or chilled turkey cut supplier in the CIS, comprising 76% of total exports. The second position in the ranking was taken by Russia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +15.4%. In the other countries, the average annual rates were as follows: Russia (+28.7% per year) and Belarus (-16.0% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, which is down by -4.8% against the previous year. Overall, the export price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2019 when the export price increased by 22% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in CIS

In 2022, overseas purchases of fresh or chilled cuts of turkey were finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 314% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports surged to $X in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 300%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the key importing country with an import of around X tons, which amounted to 67% of total imports. It was distantly followed by Moldova (X tons), constituting a 30% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut imports into Russia stood at +7.9%. At the same time, Moldova (+137.8%) and Kazakhstan (+3.4%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +137.8% from 2012-2022. While the share of Moldova (+30 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-2 p.p.) and Russia (-25 p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled turkey cut importing markets in the CIS were Russia ($X), Moldova ($X) and Kazakhstan ($X), with a combined 98% share of total imports.

Moldova, with a CAGR of +154.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with an increase of 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 when the import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+6.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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