Slovakia: Turkey Meat Market 2023

Turkey Meat Market Size in Slovakia

In 2022, the Slovak turkey meat market decreased by -27.2% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption continues to indicate a mild decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Turkey Meat Production in Slovakia

In value terms, turkey meat production rose to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 110% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average turkey meat yield in Slovakia amounted to X kg per head, flattening at 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3,436% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2014 to 2022, the growth of the average turkey meat yield failed to regain momentum.

In 2022, the number of animals slaughtered for turkey meat production in Slovakia stood at X heads, approximately mirroring 2021 figures. Over the period under review, the number of producing animals continues to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 115% against the previous year. The number of animals slaughtered for turkey meat production peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Turkey Meat Exports

Exports from Slovakia

For the fourth year in a row, Slovakia recorded decline in overseas shipments of turkey meat, which decreased by -18.9% to X tons in 2022. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2013 when exports increased by 331% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, turkey meat exports expanded slightly to $X in 2022. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 407% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for turkey meat exports from Slovakia, accounting for a 90% share of total exports. Moreover, turkey meat exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. Austria (X kg) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to -28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-20.1% per year) and Austria (-45.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for turkey meat exports from Slovakia, comprising 92% of total exports. The second position in the ranking was taken by Poland ($X), with a 5.1% share of total exports. It was followed by Austria, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at -32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-29.3% per year) and Austria (-44.8% per year).

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 Austria (+1.7%), while the prices for the other major destinations experienced a decline.

Turkey Meat Imports

Imports into Slovakia

In 2022, purchases abroad of turkey meat decreased by -41.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, turkey meat imports declined sharply to $X in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of turkey meat to Slovakia, accounting for a 58% share of total imports. Moreover, turkey meat imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-5.3% per year) and the Czech Republic (+6.2% per year).

In value terms, Hungary ($X) constituted the largest supplier of turkey meat to Slovakia, comprising 65% of total imports. The second position in the ranking was taken by Poland ($X), with a 26% share of total imports. It was followed by the Czech Republic, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.4% per year) and the Czech Republic (+0.5% per year).

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :