Southern Asia: Frozen Whole Turkey Market Overview 2021

Frozen Whole Turkey Market Size in Southern Asia

The South Asian frozen whole turkey market amounted to $X in 2019, stabilizing at the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Frozen Whole Turkey Production in Southern Asia

In value terms, frozen whole turkey production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. The level of production peaked at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

The country with the largest volume of frozen whole turkey production was India (X tonnes), accounting for X% of total volume. Moreover, frozen whole turkey production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), twofold.

In India, frozen whole turkey production expanded at an average annual rate of +X% over the period from 2007-2019.

Production By Country in Southern Asia

India (X tonnes) remains the largest frozen whole turkey producing country in Southern Asia, comprising approx. X% of total volume. Moreover, frozen whole turkey production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume in India stood at +X%.

Frozen Whole Turkey Exports

Exports in Southern Asia

In 2019, overseas shipments of frozen whole turkeys decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, frozen whole turkey exports stood at $X in 2019. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, Sri Lanka (X tonnes) represented the key exporter of frozen whole turkeys in Southern Asia, generating X% of total export.

Sri Lanka was also the fastest-growing in terms of the frozen whole turkeys exports, with a CAGR of +X% from 2007 to 2019. While the share of Sri Lanka (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest frozen whole turkey supplier in Southern Asia.

From 2007 to 2019, the average annual rate of growth in terms of value in Sri Lanka was relatively modest.

Export Prices by Country

In 2019, the frozen whole turkey export price in Southern Asia amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, saw a mild descent. Over the period under review, export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2007 to 2019, the rate of growth in terms of prices for Sri Lanka amounted to -X% per year.

Frozen Whole Turkey Imports

Imports in Southern Asia

Frozen whole turkey imports shrank notably to X tonnes in 2019, which is down by -X% on the previous year's figure. In general, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes, and then dropped remarkably in the following year.

In value terms, frozen whole turkey imports reduced rapidly to $X in 2019. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2019, Maldives (X tonnes) represented the largest importer of frozen whole turkeys, comprising X% of total imports. India (X tonnes) held the second position in the ranking, followed by Afghanistan (X tonnes), Sri Lanka (X tonnes) and Bangladesh (X tonnes). All these countries together took approx. X% share of total imports. Nepal (X tonnes) occupied a minor share of total imports.

From 2007 to 2019, average annual rates of growth with regard to frozen whole turkey imports into Maldives stood at +X%. At the same time, India (+X%) and Afghanistan (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. Nepal experienced a relatively flat trend pattern. By contrast, Bangladesh (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. India (+X p.p.), Maldives (+X p.p.) and Afghanistan (+X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Sri Lanka saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported frozen whole turkeys in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Maldives totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2019, the frozen whole turkey import price in Southern Asia amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per tonne), while Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in Southern Asia?

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The country with the largest volume of frozen whole turkey consumption was India (15K tonnes), accounting for 67% of total volume. Moreover, frozen whole turkey consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (7.3K tonnes), twofold.

What are the largest producers of frozen whole turkeys in Southern Asia?

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India (15K tonnes) constituted the country with the largest volume of frozen whole turkey production, accounting for 67% of total volume. Moreover, frozen whole turkey production in India exceeded the figures recorded by the second-largest producer, Pakistan (7.3K tonnes), twofold.

What are the leading exporters of frozen whole turkeys in Southern Asia?

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In value terms, Sri Lanka ($2.2K) remains the largest frozen whole turkey supplier in Southern Asia.

What are the leading importers of frozen whole turkeys in Southern Asia?

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In value terms, Maldives ($196K) constitutes the largest market for imported frozen whole turkeys in Southern Asia, comprising 50% of total imports. The second position in the ranking was occupied by India ($71K), with a 18% share of total imports. It was followed by Bangladesh, with a 9.5% share.

What is the average export price for frozen whole turkeys in Southern Asia?

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In 2019, the frozen whole turkey export price in Southern Asia amounted to $2,078 per tonne, jumping by 50% against the previous year.

What is the average import price for frozen whole turkeys in Southern Asia?

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In 2019, the frozen whole turkey import price in Southern Asia amounted to $2,998 per tonne, with an increase of 14% against the previous year.