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Eastern Asia - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Frozen Turkey Cut Market Overview 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 tonnes), 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 tonnes), 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 tonnes), 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 tonnes), 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 tonnes 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 tonnes. 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 tonnes) 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 tonne 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 tonnes, 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 tonnes 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 tonnes, which recorded X% of total imports. It was distantly followed by China (X tonnes), South Korea (X tonnes), Taiwan (Chinese) (X tonnes) and Japan (X tonnes), 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 tonne, 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 tonne 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 ($X per tonne), while Hong Kong SAR ($X per tonne) 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of turkey in Eastern Asia?
+
The countries with the highest volumes of frozen turkey cut consumption in 2019 were Democratic People's Republic of Korea (14K tonnes), China (8.5K tonnes) and Hong Kong SAR (2.7K tonnes), with a combined 81% share of total consumption. These countries were followed by South Korea, Taiwan (Chinese) and Japan, which together accounted for a further 19%.
What are the largest producers of frozen cuts of turkey in Eastern Asia?
+
Democratic People's Republic of Korea (14K tonnes) remains the largest frozen turkey cut producing country in Eastern Asia, accounting for 83% 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 (2.9K tonnes), fivefold.
What are the leading exporters of frozen cuts of turkey in Eastern Asia?
+
In value terms, Hong Kong SAR ($35M) remains the largest frozen turkey cut supplier in Eastern Asia.
What are the leading importers of frozen cuts of turkey in Eastern Asia?
+
In value terms, Hong Kong SAR ($21M), China ($20M) and South Korea ($5.3M) appeared to be the countries with the highest levels of imports in 2019, together accounting for 85% of total imports. Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 14%.
What is the average export price for frozen cuts of turkey in Eastern Asia?
+
In 2019, the frozen turkey cut export price in Eastern Asia amounted to $2,493 per tonne, with an increase of 5.9% against the previous year.
What is the average import price for frozen cuts of turkey in Eastern Asia?
+
The frozen turkey cut import price in Eastern Asia stood at $1,911 per tonne in 2019, falling by -3.8% against the previous year.

Product coverage:
• Prodcom 10122055 - Frozen cuts of turkey

This report provides an in-depth analysis of the frozen turkey cut market in Eastern Asia. 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 2025.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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