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Northern America - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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Northern America: Frozen Turkey Cut Market Overview 2021

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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 tonnes) 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 tonnes), 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 tonnes), 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 tonnes), 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 tonnes 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 tonnes 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 tonnes, which reached X% of total exports. It was distantly followed by Canada (X tonnes), 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 tonne, 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 tonne. 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 tonne), while Canada amounted to $X per tonne.

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 tonnes, 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 tonnes 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 tonnes) represented the key importer of frozen cuts of turkey, making up X% of total imports. It was distantly followed by Canada (X tonnes), 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 tonne, 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 tonne 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 tonne), while the U.S. stood at $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of turkey in Northern America?
+
The country with the largest volume of frozen turkey cut consumption was the U.S. (240K tonnes), accounting for 88% of total volume. Moreover, frozen turkey cut consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (32K tonnes), sevenfold.
What are the largest producers of frozen cuts of turkey in Northern America?
+
The U.S. (347K tonnes) constituted the country with the largest volume of frozen turkey cut production, accounting for 88% of total volume. Moreover, frozen turkey cut production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (47K tonnes), sevenfold.
What are the leading exporters of frozen cuts of turkey in Northern America?
+
In value terms, the U.S. ($214M) remains the largest frozen turkey cut supplier in Northern America, comprising 92% of total exports. The second position in the ranking was occupied by Canada ($18M), with a 7.7% share of total exports.
What are the leading importers of frozen cuts of turkey in Northern America?
+
In value terms, the U.S. ($14M) and Canada ($7.2M) were the countries with the highest levels of imports in 2019, together comprising 99% of total imports.
What is the average export price for frozen cuts of turkey in Northern America?
+
The frozen turkey cut export price in Northern America stood at $1,804 per tonne in 2019, almost unchanged from the previous year.
What is the average import price for frozen cuts of turkey in Northern America?
+
In 2019, the frozen turkey cut import price in Northern America amounted to $3,126 per tonne, increasing by 13% against the previous year.

Product coverage:
• Prodcom 10122055 - Frozen cuts of turkey

This report provides an in-depth analysis of the frozen turkey cut market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Producing Animals, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Producing Animals, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Producing Animals, By Country, 2019
Figure 24:
Producing Animals, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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