Indonesia: Preserved Turkey Market 2024

Preserved Turkey Market Size in Indonesia

The Indonesian preserved turkey market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a pronounced downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Turkey Production in Indonesia

In value terms, preserved turkey production fell to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Preserved Turkey Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in shipments abroad of prepared or preserved meat or offal of turkeys, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved turkey exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), Hong Kong SAR (X tons) and Malaysia (X kg) were the main destinations of preserved turkey exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Preserved Turkey Imports

Imports into Indonesia

In 2022, the amount of prepared or preserved meat or offal of turkeys imported into Indonesia reduced remarkably to X kg, which is down by X% on the previous year's figure. Overall, imports showed a precipitous setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved turkey imports declined rapidly to $X in 2022. In general, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X kg) was the main supplier of preserved turkey to Indonesia, with a X% share of total imports. Moreover, preserved turkey imports from Singapore exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to X%.

In value terms, the largest preserved turkey suppliers to Indonesia were Singapore ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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