Spain: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Spain

In 2022, the Spanish frozen whole turkey market increased by 69% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Whole Turkey Production in Spain

In value terms, frozen whole turkey production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. Frozen whole turkey production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Frozen Whole Turkey Exports

Exports from Spain

In 2022, frozen whole turkey exports from Spain contracted notably to X tons, reducing by -18.6% on the year before. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 712%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen whole turkey exports shrank significantly to $X in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of 514% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Hong Kong SAR (X tons), Cuba (X tons) and Greece (X tons) were the main destinations of frozen whole turkey exports from Spain, with a combined 49% share of total exports. Angola, Portugal, the UK and Gibraltar lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +2.6%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Cuba ($X) and Portugal ($X) constituted the largest markets for frozen whole turkey exported from Spain worldwide, together comprising 52% of total exports.

Portugal, with a CAGR of +2.7%, recorded 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

In 2022, the average frozen whole turkey export price amounted to $X per ton, which is down by -6.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gibraltar ($X per ton), while the average price for exports to the UK ($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 Gibraltar (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Turkey Imports

Imports into Spain

In 2022, supplies from abroad of frozen whole turkeys increased by 103% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt contraction. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen whole turkey imports soared to $X in 2022. Overall, imports, however, showed a abrupt downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest frozen whole turkey supplier to Spain, accounting for a 58% share of total imports. Moreover, frozen whole turkey imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.0% per year) and Germany (-21.2% per year).

In value terms, France ($X) constituted the largest supplier of frozen whole turkeys to Spain, comprising 53% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.5% per year) and Germany (-21.6% per year).

Import Prices by Country

In 2022, the average frozen whole turkey import price amounted to $X per ton, dropping by -5.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :