Eastern Asia: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Eastern Asia

The East Asian frozen turkey cut market dropped markedly to $X in 2019, which is down by -X% against the previous year. In general, consumption showed a pronounced descent. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Frozen Turkey Cut Production in Eastern Asia

In value terms, frozen turkey cut production skyrocketed to $X in 2019 estimated in export prices. Overall, production showed a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2016 to 2019, production growth remained at a lower figure.

The country with the largest volume of frozen turkey cut production was Democratic People's Republic of Korea (X tons), accounting for X% of total volume. Moreover, frozen turkey cut production in Democratic People's Republic of Korea exceeded the figures recorded by the second-largest producer, Hong Kong SAR (X tons), fivefold.

From 2007 to 2019, the average annual growth rate of volume in Democratic People's Republic of Korea stood at +X%.

Production By Country in Eastern Asia

The country with the largest volume of frozen turkey cut production was Democratic People's Republic of Korea (X tons), comprising approx. X% of total volume. Moreover, frozen turkey cut production in Democratic People's Republic of Korea exceeded the figures recorded by the second-largest producer, Hong Kong SAR (X tons), fivefold.

In Democratic People's Republic of Korea, frozen turkey cut production increased at an average annual rate of +X% over the period from 2007-2019.

Frozen Turkey Cut Exports

Exports in Eastern Asia

In 2019, approx. X tons of frozen cuts of turkey were exported in Eastern Asia; surging by X% against the previous year. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. From 2016 to 2019, the growth exports failed to regain the momentum.

In value terms, frozen turkey cut exports stood at $X in 2019. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. The level of export peaked in 2019 and is expected to retain growth in years to come.

Exports by Country

In 2019, Hong Kong SAR (X tons) was the major exporter of frozen cuts of turkey in Eastern Asia, comprising X% of total export.

Hong Kong SAR was also the fastest-growing in terms of the frozen cuts of turkey exports, with a CAGR of +X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) also remains the largest frozen turkey cut supplier in Eastern Asia.

From 2007 to 2019, the average annual growth rate of value in Hong Kong SAR totaled +X%.

Export Prices by Country

The frozen turkey cut export price in Eastern Asia stood at $X per ton in 2019, surging by X% against the previous year. Export price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, frozen turkey cut export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% year-to-year. The level of export peaked in 2019 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2007 to 2019, the rate of growth in terms of prices for Hong Kong SAR amounted to +X% per year.

Frozen Turkey Cut Imports

Imports in Eastern Asia

In 2019, the amount of frozen cuts of turkey imported in Eastern Asia shrank dramatically to X tons, waning by -X% against the previous year's figure. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The volume of import peaked at X tons in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, frozen turkey cut imports shrank significantly to $X in 2019. Overall, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

Hong Kong SAR was the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by China (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together creating a X% share of total imports.

From 2007 to 2019, the biggest increases were in Japan, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2019, together comprising X% of total imports. These countries were followed by Japan and Taiwan (Chinese), which together accounted for a further X the main importing countries, Japan recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2019, the frozen turkey cut import price in Eastern Asia amounted to $X per ton, reducing by -X% against the previous year. Import price indicated perceptible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, frozen turkey cut import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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