Denmark: Turkey Meat Market 2023

Turkey Meat Market Size in Denmark

The Danish turkey meat market shrank to $X in 2022, declining by -7.7% against the previous year. In general, consumption showed a noticeable curtailment. Turkey meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Turkey Meat Production in Denmark

In value terms, turkey meat production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a deep reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

In 2022, the average turkey meat yield in Denmark was estimated at X kg per head, rising by 14% on the previous year's figure. In general, the yield, however, showed a abrupt curtailment. The turkey meat yield peaked at X kg per head in 2015; however, from 2016 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for turkey meat production in Denmark reduced markedly to X heads in 2022, which is down by -15.7% compared with 2021 figures. Overall, the number of producing animals saw a mild downturn. The growth pace was the most rapid in 2020 when the number of producing animals increased by 84% against the previous year. The number of animals slaughtered for turkey meat production peaked at X heads in 2015; however, from 2016 to 2022, producing animals remained at a lower figure.

Turkey Meat Exports

Exports from Denmark

In 2022, the amount of turkey meat exported from Denmark declined to X tons, reducing by -5.1% on the previous year's figure. In general, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, turkey meat exports contracted modestly to $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +43.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for turkey meat exports from Denmark, with a 71% share of total exports. Moreover, turkey meat exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), fivefold. Greece (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+1.1% per year) and Greece (+6.4% per year).

In value terms, Sweden ($X) remains the key foreign market for turkey meat exports from Denmark, comprising 70% of total exports. The second position in the ranking was taken by Finland ($X), with a 16% share of total exports. It was followed by Greece, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+3.2% per year) and Greece (+5.0% per year).

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, increasing by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2016 when the average export price increased by 14%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Greece ($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 Lithuania (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Denmark

In 2022, imports of turkey meat into Denmark shrank to X tons, waning by -11.6% against the previous year. Over the period under review, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports shrank slightly to $X in 2022. Overall, imports recorded a slight slump. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main suppliers of turkey meat imports to Denmark, together comprising 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +0.6%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Poland ($X) and France ($X) were the largest turkey meat suppliers to Denmark, with a combined 96% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +1.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average turkey meat import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the period under review, the import price recorded a slight increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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