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Singapore - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Turkey Meat Market Overview 2021

Turkey Meat Market Size in Singapore

The Singaporean turkey meat market declined remarkably to $X in 2020, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a mild downturn. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Turkey meat consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Turkey Meat Exports

Exports from Singapore

In 2020, turkey meat exports from Singapore dropped notably to X tonnes, which is down by -X% compared with the year before. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, turkey meat exports contracted dramatically to $X in 2020. Over the period under review, exports recorded a slight descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes), Brunei Darussalam (X tonnes) and Malaysia (X tonnes) were the main destinations of turkey meat exports from Singapore, with a combined X% share of total exports. These countries were followed by Sri Lanka and Myanmar, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turkey meat exported from Singapore were Indonesia ($X), Brunei Darussalam ($X) and Malaysia ($X), together comprising X% of total exports. Sri Lanka and Myanmar lagged somewhat behind, together comprising a further X Lanka saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average turkey meat export price stood at $X per tonne in 2020, reducing by -X% against the previous year. Overall, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Brunei Darussalam ($X per tonne) and Malaysia ($X per tonne), while the average price for exports to Myanmar ($X per tonne) and Sri Lanka ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar, while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Singapore

For the fourth consecutive year, Singapore recorded decline in purchases abroad of turkey meat, which decreased by -X% to X tonnes in 2020. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, turkey meat imports fell notably to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest turkey meat supplier to Singapore, accounting for a X% share of total imports. Moreover, turkey meat imports from the U.S. exceeded the figures recorded by the second-largest supplier, France (X tonnes), more than tenfold. Brazil (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Brazil (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of turkey meat to Singapore, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The average turkey meat import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Overall, import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2019, and then dropped dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were France ($X per tonne) and the U.S. ($X per tonne), while the price for Hungary ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for turkey meat in the world?
+
The country with the largest volume of turkey meat consumption was the U.S. (2.4M tonnes), comprising approx. 39% of total volume. Moreover, turkey meat consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (619K tonnes), fourfold. Germany (478K tonnes) ranked third in terms of total consumption with a 7.7% share.
What are the largest producers of turkey meat in the world?
+
The U.S. (2.6M tonnes) remains the largest turkey meat producing country worldwide, accounting for 43% of total volume. Moreover, turkey meat production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (636K tonnes), fourfold. Germany (474K tonnes) ranked third in terms of total production with a 7.7% share.
What are the leading suppliers of turkey meat to Singapore?
+
In value terms, the U.S. ($1.7M) constituted the largest supplier of turkey meat to Singapore, comprising 85% of total imports. The second position in the ranking was occupied by France ($150K), with a 7.4% share of total imports. It was followed by Brazil, with a 5.1% share.
What are the leading importers of turkey meat from Singapore?
+
In value terms, the largest markets for turkey meat exported from Singapore were Indonesia ($98K), Brunei Darussalam ($58K) and Malaysia ($50K), together comprising 77% of total exports. These countries were followed by Sri Lanka and Myanmar, which together accounted for a further 20%.
What is the average export price for turkey meat in Singapore?
+
In 2020, the average turkey meat export price amounted to $2,778 per tonne, shrinking by -9% against the previous year.
What is the average import price for turkey meat in Singapore?
+
In 2020, the average turkey meat import price amounted to $2,730 per tonne, shrinking by -18% against the previous year.

Product coverage:
• FCL 1080 - Turkey meat

This report provides an in-depth analysis of the turkey meat market in Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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