Northern America: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Northern America

For the third consecutive year, the North American frozen turkey cut market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Frozen Turkey Cut Production in Northern America

In value terms, frozen turkey cut production expanded rapidly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. The level of production peaked in 2019 and is expected to retain growth in the near future.

The U.S. (X tons) remains the largest frozen turkey cut producing country in Northern America, accounting for X% of total volume. Moreover, frozen turkey cut production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

Production By Country in Northern America

The country with the largest volume of frozen turkey cut production was the U.S. (X tons), comprising approx. X% of total volume. Moreover, frozen turkey cut production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), sevenfold.

From 2007 to 2019, the average annual growth rate of volume in the U.S. was relatively modest.

Frozen Turkey Cut Exports

Exports in Northern America

Frozen turkey cut exports skyrocketed to X tons in 2019, with an increase of X% on 2018. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, frozen turkey cut exports surged to $X in 2019. Total exports indicated a moderate increase from 2007 to 2019: its value decreased 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. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. was the key exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The U.S. experienced a relatively flat trend pattern with regard to volume of exports of frozen cuts of turkey. Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) remains the largest frozen turkey cut supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., frozen turkey cut exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the frozen turkey cut export price in Northern America amounted to $X per ton, remaining constant against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2016 to 2019, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per ton), while Canada amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Frozen Turkey Cut Imports

Imports in Northern America

In 2019, supplies from abroad of frozen cuts of turkey decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, frozen turkey cut imports contracted to $X in 2019. Over the period under review, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tons) represented the key importer of frozen cuts of turkey, making up X% of total imports. It was distantly followed by Canada (X tons), creating a X% share of total imports.

The U.S. was also the fastest-growing in terms of the frozen cuts of turkey imports, with a CAGR of +X% from 2007 to 2019. At the same time, Canada (+X%) displayed positive paces of growth. The U.S. (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, the U.S. ($X) and Canada ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, the U.S. recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2019, the frozen turkey cut import price in Northern America amounted to $X per ton, surging by X% against the previous year. Import price indicated mild 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 2017 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

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Source: IndexBox Platform

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