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

Turkey Meat Market Size in Thailand

In 2020, the Thai turkey meat market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption saw a buoyant increase. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Turkey meat consumption peaked at $X in 2014; afterwards, it flattened through to 2020.

Turkey Meat Exports

Exports from Thailand

After two years of growth, overseas shipments of turkey meat decreased by -X% to X tonnes in 2020. In general, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2019, and then fell notably in the following year.

In value terms, turkey meat exports dropped rapidly to $X in 2020. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2019, and then dropped rapidly in the following year.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for turkey meat exports from Thailand, with a X% share of total exports. Moreover, turkey meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tonnes), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for turkey meat exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%.

Export Prices by Country

The average turkey meat export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Overall, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the average price for exports to Hong Kong SAR totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic.

Turkey Meat Imports

Imports into Thailand

In 2020, supplies from abroad of turkey meat increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, turkey meat imports reached $X in 2020. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), Australia (X tonnes) and Malaysia (X tonnes) were the main suppliers of turkey meat imports to Thailand, together accounting for X% of total imports. Singapore and Turkey lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the U.S. ($X) and Singapore ($X) constituted the largest turkey meat suppliers to Thailand, together accounting for X% of total imports.

In terms of the main suppliers, Singapore (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average turkey meat import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for turkey meat in the world?
+
The U.S. (2.4M tonnes) constituted the country with the largest volume of turkey meat consumption, accounting for 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. The third position in this ranking was occupied by Germany (478K tonnes), with a 7.7% share.
What are the largest producers of turkey meat in the world?
+
The U.S. (2.6M tonnes) constituted the country with the largest volume of turkey meat production, comprising approx. 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 Thailand?
+
In value terms, the largest turkey meat suppliers to Thailand were Australia ($779K), the U.S. ($574K) and Singapore ($170K), with a combined 90% share of total imports.
What are the leading importers of turkey meat from Thailand?
+
In value terms, Hong Kong SAR ($58K) emerged as the key foreign market for turkey meat exports from Thailand, comprising 78% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($14K), with a 19% share of total exports.
What is the average export price for turkey meat in Thailand?
+
The average turkey meat export price stood at $1,274 per tonne in 2020, dropping by -44.4% against the previous year.
What is the average import price for turkey meat in Thailand?
+
The average turkey meat import price stood at $1,166 per tonne in 2020, dropping by -5.7% against the previous year.

Product coverage:
• FCL 1080 - Turkey meat

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

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