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U.S. - Fresh or Chilled Cuts of Turkey - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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U.S.: Overview of the Market for Fresh or Chilled Cuts of Turkey 2021

Market Size for Fresh or Chilled Cuts of Turkey in the U.S.

In 2019, the U.S. market for fresh or chilled cuts of turkey increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Fresh or chilled turkey cut consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Production of Fresh or Chilled Cuts of Turkey in the U.S.

In value terms, fresh or chilled turkey cut production rose notably to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Fresh or chilled turkey cut production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

The average yield of fresh or chilled cuts of turkey in the U.S. was estimated at X kg per head in 2019, almost unchanged from the previous year's figure. in general, the yield saw a relatively flat trend pattern.

The number of animals slaughtered for fresh or chilled turkey cut production in the U.S. was estimated at X head in 2019, approximately reflecting 2018. Over the period under review, the number of producing animals saw a relatively flat trend pattern.

Exports of Fresh or Chilled Cuts of Turkey

Exports from the U.S.

In 2019, the amount of fresh or chilled cuts of turkey exported from the U.S. expanded sharply to X tonnes, picking up by X% against the year before. in general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut exports skyrocketed to $X in 2019. Over the period under review, total exports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes) was the main destination for fresh or chilled turkey cut exports from the U.S., accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Mexico was relatively modest.

In value terms, Mexico ($X) also remains the key foreign market for fresh or chilled turkey cut exports from the U.S..

From 2007 to 2019, the average annual rate of growth in terms of value to Mexico stood at +X%.

Export Prices by Country

In 2019, the average export price for fresh or chilled cuts of turkey amounted to $X per tonne, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2014; however, from 2015 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 Mexico.

From 2007 to 2019, the rate of growth in terms of prices for Mexico amounted to +X% per year.

Imports of Fresh or Chilled Cuts of Turkey

Imports into the U.S.

In 2019, overseas purchases of fresh or chilled cuts of turkey decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, fresh or chilled turkey cut imports declined notably to $X in 2019. Over the period under review, imports recorded moderate growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) was the main fresh or chilled turkey cut supplier to the U.S., with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada amounted to -X%.

In value terms, Canada ($X) constituted the largest supplier of fresh or chilled turkey cut to the U.S..

From 2007 to 2019, the average annual growth rate of value from Canada amounted to +X%.

Import Prices by Country

In 2019, the average import price for fresh or chilled cuts of turkey amounted to $X per tonne, surging by X% against the previous year. in general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2007 to 2019, the rate of growth in terms of prices for Canada amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled cuts of turkey in the world?
+
The countries with the highest volumes of fresh or chilled turkey cut consumption in 2019 were India (777K tonnes), the U.S. (652K tonnes) and Germany (494K tonnes), with a combined 30% share of global consumption. These countries were followed by Brazil, Indonesia, Pakistan, Poland, Bangladesh, Turkey, Italy, Ethiopia, Iran and Thailand, which together accounted for a further 34%.
What are the largest producers of fresh or chilled cuts of turkey in the world?
+
The countries with the highest volumes of fresh or chilled turkey cut production in 2019 were India (777K tonnes), the U.S. (753K tonnes) and Germany (471K tonnes), with a combined 31% share of global production. Poland, Brazil, Indonesia, Pakistan, Bangladesh, Italy, Turkey, Ethiopia, Iran and Thailand lagged somewhat behind, together comprising a further 37%.
What are the leading suppliers of fresh or chilled cuts of turkey to the U.S.?
+
In value terms, Canada ($3.5M) constituted the largest supplier of fresh or chilled turkey cut to the U.S..
What are the leading importers of fresh or chilled cuts of turkey from the U.S.?
+
In value terms, Mexico ($203M) remains the key foreign market for fresh or chilled turkey cut exports from the U.S..
What is the average export price for fresh or chilled cuts of turkey in the U.S.?
+
The average export price for fresh or chilled cuts of turkey stood at $2,039 per tonne in 2019, growing by 9.8% against the previous year.
What is the average import price for fresh or chilled cuts of turkey in the U.S.?
+
In 2019, the average import price for fresh or chilled cuts of turkey amounted to $4,778 per tonne, jumping by 37% against the previous year.

Product coverage:
• Prodcom 10121060 - Fresh or chilled cuts of turkey

This report provides an in-depth analysis of the market for fresh or chilled turkey cut in the U.S.. 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:
• USA

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