Eastern Europe: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Eastern Europe

The East European market for fresh or chilled cuts of turkey stood at $X in 2022, growing by 5.5% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Fresh Or Chilled Cuts Of Turkey in Eastern Europe

In value terms, fresh or chilled turkey cut production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 26%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

The countries with the highest volumes of production in 2022 were Poland (X tons), Russia (X tons) and Hungary (X tons), with a combined 93% share of total production. Belarus lagged somewhat behind, accounting for a further 3.2%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Belarus (with a CAGR of +6.2%), while production for the other leaders experienced more modest paces of growth.

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Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Eastern Europe

In 2022, overseas shipments of fresh or chilled cuts of turkey were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 13%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled turkey cut exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Poland (X tons) was the major exporter of fresh or chilled cuts of turkey, committing 85% of total exports. It was distantly followed by Hungary (X tons), constituting a 13% share of total exports.

Poland was also the fastest-growing in terms of the fresh or chilled cuts of turkey exports, with a CAGR of +4.9% from 2012 to 2022. Hungary (-4.3%) illustrated a downward trend over the same period. While the share of Poland (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (-14.3 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest fresh or chilled turkey cut supplier in Eastern Europe, comprising 86% of total exports. The second position in the ranking was held by Hungary ($X), with a 13% share of total exports.

In Poland, fresh or chilled turkey cut exports increased at an average annual rate of +6.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.4%).

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Eastern Europe

In 2022, approx. X tons of fresh or chilled cuts of turkey were imported in Eastern Europe; with a decrease of -11.7% against the previous year. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports fell modestly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +92.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The Czech Republic (X tons) and Poland (X tons) represented roughly 63% of total imports in 2022. It was distantly followed by Romania (X tons) and Slovakia (X tons), together creating a 20% share of total imports. Lithuania (X tons), Hungary (X tons) and Latvia (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Latvia (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in Eastern Europe, comprising 46% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic amounted to +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+3.3% per year) and Poland (+7.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the import price increased by 18% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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