Europe: Turkey Meat Market 2024

Turkey Meat Market Size in Europe

After three years of decline, the Europe turkey meat market increased by X% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Turkey Meat Production in Europe

In value terms, turkey meat production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Germany (X tons), Poland (X tons) and France (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Poland (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average turkey meat yield in Europe contracted slightly to X kg per head, flattening at 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2021, and then contracted modestly in the following year.

The global number of animals slaughtered for turkey meat production stood at X heads in 2022, picking up by X% against 2021. Overall, the number of producing animals, however, saw a relatively flat trend pattern. The level of producing animals peaked at X heads in 2016; however, from 2017 to 2022, producing animals remained at a lower figure.

Turkey Meat Exports

Exports in Europe

In 2022, exports of turkey meat in Europe dropped to X tons, waning by X% against the year before. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, turkey meat exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland was the major exporter of turkey meat in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Germany (X tons) held the second position in the ranking, distantly followed by France (X tons), Spain (X tons), Italy (X tons) and Hungary (X tons). All these countries together held near X% share of total exports. The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest turkey meat supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

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

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and Poland ($X per ton), while the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

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

Turkey Meat Imports

Imports in Europe

In 2022, supplies from abroad of turkey meat decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, turkey meat imports skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), France (X tons), Spain (X tons), Austria (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), Poland (X tons), Romania (X tons) and Portugal (X tons) were the major importers of turkey meat, together making up X% of total imports. The Czech Republic (X tons) and Greece (X tons) took a relatively small share of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Italy (X%), the Czech Republic (X%), Portugal (X%), Romania (X%), Greece (X%), Spain (X%) and Poland (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. The UK and France experienced a relatively flat trend pattern. By contrast, Belgium (X%), Austria (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), the Czech Republic (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Austria (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported turkey meat in Europe, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

In Germany, turkey meat imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :