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World - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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Global Turkey Meat Market Overview 2021

Turkey Meat Market Size

In 2020, the global turkey meat market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the global market reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Turkey Meat Production

In value terms, turkey meat production reduced to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Global production peaked at $X in 2019, and then contracted slightly in the following year.

The country with the largest volume of turkey meat production was the U.S. (X tonnes), accounting for X% of total volume. Moreover, turkey meat production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (X tonnes), fourfold. Germany (X tonnes) ranked third in terms of total production with a X% share.

In the U.S., turkey meat production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+X% per year) and Germany (+X% per year).

In 2020, the global average yield of turkey meat totaled X kg per X heads, approximately equating the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by X% year-to-year. Over the period under review, the average turkey meat yield reached the maximum level in 2020 and is expected to retain growth in the near future.

In 2020, approx. X heads of animals slaughtered for turkey meat production worldwide; flattening at the year before. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The global producing animals peaked at X heads in 2008; however, from 2009 to 2020, producing animals remained at a lower figure.

Production By Country

The U.S. (X tonnes) constituted the country with the largest volume of turkey meat production, comprising approx. X% of total volume. Moreover, turkey meat production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (X tonnes), fourfold. Germany (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in the U.S. was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+X% per year) and Germany (+X% per year).

Turkey Meat Exports

Exports

In 2020, approx. X tonnes of turkey meat were exported worldwide; dropping by -X% on the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, global exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, turkey meat exports contracted rapidly to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Global exports peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Poland (X tonnes) and the U.S. (X tonnes) represented the major exporters of turkey meat in 2020, resulting at approx. X% and X% of total exports, respectively. Germany (X tonnes) ranks next in terms of the total exports with a X% share, followed by France (X%), Italy (X%) and Spain (X%). Brazil (X tonnes), Hungary (X tonnes), Canada (X tonnes), the Netherlands (X tonnes), Chile (X tonnes) and the UK (X tonnes) took a relatively small share of total exports.

From 2007 to 2020, the biggest increases were in Chile, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest turkey meat supplying countries worldwide were Poland ($X), the U.S. ($X) and Germany ($X), with a combined X% share of global exports. These countries were followed by Italy, France, Spain, Hungary, Brazil, Chile, the Netherlands, Canada and the UK, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average turkey meat export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Turkey Meat Imports

Imports

For the fourth consecutive year, the global market recorded decline in overseas purchases of turkey meat, which decreased by -X% to X tonnes in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, turkey meat imports fell remarkably to $X in 2020. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Global imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tonnes) and Germany (X tonnes) represented the major importers of turkey meat in 2020, recording near X% and X% of total imports, respectively. It was distantly followed by Spain (X tonnes), mixing up a X% share of total imports. Belgium (X tonnes), Benin (X tonnes), France (X tonnes), China (X tonnes), Austria (X tonnes), the UK (X tonnes), South Africa (X tonnes), Portugal (X tonnes), the Netherlands (X tonnes) and Romania (X tonnes) took a minor share of total imports.

From 2007 to 2020, the biggest increases were in Romania, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest turkey meat importing markets worldwide were Germany ($X), Mexico ($X) and Spain ($X), with a combined X% share of global imports. These countries were followed by Belgium, Austria, France, the UK, the Netherlands, Portugal, Romania, China, Benin and South Africa, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average turkey meat import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Austria ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for turkey meat in the world?
+
The country with the largest volume of turkey meat consumption was the U.S. (2.4M tonnes), comprising approx. 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) remains the largest turkey meat producing country worldwide, accounting for 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. The third position in this ranking was occupied by Germany (474K tonnes), with a 7.7% share.
What are the leading exporters of turkey meat in the world?
+
In value terms, the largest turkey meat supplying countries worldwide were Poland ($549M), the U.S. ($416M) and Germany ($309M), with a combined 58% share of global exports. Italy, France, Spain, Hungary, Brazil, Chile, the Netherlands, Canada and the UK lagged somewhat behind, together accounting for a further 32%.
What are the leading importers of turkey meat in the world?
+
In value terms, Germany ($297M), Mexico ($248M) and Spain ($129M) constituted the countries with the highest levels of imports in 2020, together comprising 32% of global imports. Belgium, Austria, France, the UK, the Netherlands, Portugal, Romania, China, Benin and South Africa lagged somewhat behind, together accounting for a further 35%.
What is the average export price for turkey meat in the world?
+
In 2020, the average turkey meat export price amounted to $2,324 per tonne, dropping by -9.3% against the previous year.
What is the average import price for turkey meat in the world?
+
In 2020, the average turkey meat import price amounted to $2,378 per tonne, reducing by -7.4% against the previous year.

Product coverage:
• FCL 1080 - Turkey meat

This report provides an in-depth analysis of the global turkey meat market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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