Turkey: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Turkey

The Turkish frozen turkey cut market surged to $X in 2022, growing by 558% against the previous year. Over the period under review, consumption, however, saw a slight descent. Frozen turkey cut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Frozen Turkey Cut Production in Turkey

In value terms, frozen turkey cut production shrank dramatically to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

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Frozen Turkey Cut Exports

Exports from Turkey

In 2022, overseas shipments of frozen cuts of turkey decreased by -5% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 78% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen turkey cut exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 65% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen turkey cut exports from Turkey, with a 30% share of total exports. Moreover, frozen turkey cut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), twofold. Benin (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+22.6% per year) and Benin (+17.1% per year).

In value terms, the largest markets for frozen turkey cut exported from Turkey were the United Arab Emirates ($X), Jordan ($X) and Kuwait ($X), with a combined 62% share of total exports. Benin, Lebanon, Guinea, Venezuela, Gabon, Democratic Republic of the Congo, Azerbaijan, Ghana, Iraq and Morocco lagged somewhat behind, together comprising a further 28%.

Lebanon, with a CAGR of +56.4%, 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

In 2022, the average frozen turkey cut export price amounted to $X per ton, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Iraq ($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 Lebanon (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports into Turkey

In 2022, purchases abroad of frozen cuts of turkey decreased by 0% to X tons, falling for the fifth year in a row after four years of growth. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 564% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen turkey cut imports totaled $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 425%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen turkey cut to Turkey, accounting for a 57% share of total imports. Moreover, frozen turkey cut imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Kuwait (X tons) ranked third in terms of total imports with a 19% share.

From 2014 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+48.7% per year) and Kuwait (+29.6% per year).

In value terms, the largest frozen turkey cut suppliers to Turkey were Kuwait ($X), the United States ($X) and Brazil ($X), together comprising 96% of total imports. The Netherlands lagged somewhat behind, comprising a further 3.8%.

The Netherlands, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen turkey cut import price amounted to $X per ton, stabilizing at the previous year. In general, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-13.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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