EU: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in the EU

In 2022, the EU market for fresh or chilled cuts of turkey increased by 6.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Fresh Or Chilled Cuts Of Turkey in the EU

In value terms, fresh or chilled turkey cut production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

The countries with the highest volumes of production in 2022 were Germany (X tons), Poland (X tons) and Italy (X tons), together comprising 67% of total production. Spain, France, the Netherlands and Hungary lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +14.4%), 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 the EU

Fresh or chilled turkey cut exports fell to X tons in 2022, waning by -8.8% on the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 5.8% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports totaled $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X tons) represented the key exporter of fresh or chilled cuts of turkey, making up 40% of total exports. It was distantly followed by Germany (X tons), Italy (X tons), France (X tons), Hungary (X tons) and Spain (X tons), together constituting a 51% share of total exports. Austria (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +4.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, with a combined 73% share of total exports. Hungary, Spain, France and Austria lagged somewhat behind, together comprising a further 21%.

Among the main exporting countries, Spain, with a CAGR of +7.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in the EU

In 2022, supplies from abroad of fresh or chilled cuts of turkey decreased by -4.6% to X tons, falling for the third consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 8% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the key importer of fresh or chilled cuts of turkey, generating 26% of total imports. Belgium (X tons) ranks second in terms of the total imports with a 10% share, followed by Austria (8.8%), France (7.3%), the Czech Republic (6.4%), Poland (5.8%), Portugal (5.3%) and Spain (5%). Italy (X tons), the Netherlands (X tons), Ireland (X tons), Romania (X tons) and Greece (X tons) held a relatively small share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of fresh or chilled cuts of turkey. At the same time, the Czech Republic (+8.0%), Italy (+6.6%), Poland (+6.4%), Portugal (+5.9%), Spain (+5.2%), France (+3.0%) and Greece (+2.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.0% from 2012-2022. Ireland, Romania and the Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-1.7%) and Austria (-4.8%) illustrated a downward trend over the same period. While the share of the Czech Republic (+3.3 p.p.), Poland (+2.5 p.p.), Portugal (+2.1 p.p.), Italy (+1.9 p.p.), Spain (+1.8 p.p.) and France (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-2.6 p.p.), Germany (-3.2 p.p.) and Austria (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in the European Union, comprising 24% of total imports. The second position in the ranking was held by Austria ($X), with an 11% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Austria (-3.8% per year) and Belgium (+1.9% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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