Czech Republic: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in the Czech Republic

The Czech market for fresh or chilled cuts of turkey expanded markedly to $X in 2022, increasing by 5.7% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.2% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Production of Fresh Or Chilled Cuts Of Turkey in the Czech Republic

In value terms, fresh or chilled turkey cut production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a temperate increase. The growth pace was the most rapid in 2017 when the production volume increased by 109%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports from the Czech Republic

In 2022, shipments abroad of fresh or chilled cuts of turkey decreased by -58.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports shrank dramatically to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 57% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for fresh or chilled turkey cut exports from the Czech Republic, accounting for a 71% share of total exports. Moreover, fresh or chilled turkey cut exports to Slovakia exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia stood at -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-13.1% per year) and Poland (-1.7% per year).

In value terms, Slovakia ($X), Switzerland ($X) and Poland ($X) appeared to be the largest markets for fresh or chilled turkey cut exported from the Czech Republic worldwide, together comprising 97% of total exports. Germany and Austria lagged somewhat behind, together comprising a further 2.5%.

In terms of the main countries of destination, Germany, with a CAGR of +43.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for fresh or chilled cuts of turkey amounted to $X per ton, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 an increase of 23%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($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 Poland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into the Czech Republic

In 2022, after two years of growth, there was decline in overseas purchases of fresh or chilled cuts of turkey, when their volume decreased by -4.5% to X tons. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +116.4% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 27%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, fresh or chilled turkey cut imports expanded sharply to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of fresh or chilled turkey cut to the Czech Republic, with a 81% share of total imports. Moreover, fresh or chilled turkey cut imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+43.8% per year) and Germany (+14.0% per year).

In value terms, Poland ($X) constituted the largest supplier of fresh or chilled cuts of turkey to the Czech Republic, comprising 79% of total imports. The second position in the ranking was held by Hungary ($X), with an 11% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+47.5% per year) and Germany (+11.1% per year).

Import Prices by Country

The average import price for fresh or chilled cuts of turkey stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Hungary ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :