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World - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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Global Turkey Meat Market Overview 2020

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Turkey Meat Market Size

The global turkey meat market rose to $X in 2019, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Global consumption peaked in 2019 and is expected to retain growth in years to come.

Turkey Meat Production

In value terms, turkey meat production rose sharply to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Global production peaked in 2019 and is expected to retain growth in years to come.

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.

In the U.S., turkey meat production remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Germany (+X% per year).

The global average turkey meat yield reached X kg per X heads in 2019, approximately equating the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The global yield peaked in 2019 and is likely to see gradual growth in years to come.

In 2019, the number of animals slaughtered for turkey meat production worldwide totaled X heads, therefore, remained relatively stable against 2018 figures. In general, the number of producing animals saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, the amount of producing animals reached the peak level of X heads. From 2009 to 2019, the growth of this number remained at a lower figure.

Production By Country

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 2007-2019. 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 2019, the amount of turkey meat exported worldwide totaled X tonnes, standing approx. at the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Over the period under review, global exports reached the peak figure at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, turkey meat exports expanded significantly to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, global exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, the U.S. (X tonnes) and Poland (X tonnes) were the key exporters of turkey meataround the world, together comprising X% of total exports. It was distantly followed by Germany (X tonnes), France (X tonnes), Italy (X tonnes) and Spain (X tonnes), together generating a X% share of total exports. Hungary (X tonnes), Brazil (X tonnes), the Netherlands (X tonnes), Chile (X tonnes), the UK (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Poland, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), the U.S. ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2019, together accounting for X% of global exports. These countries were followed by Italy, France, Hungary, Spain, Chile, Brazil, the Netherlands, the UK and Canada, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average turkey meat export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, 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

Global turkey meat imports fell to X tonnes in 2019, waning by -X% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth of global imports remained at a somewhat lower figure.

In value terms, turkey meat imports totaled $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Mexico (X tonnes) and Germany (X tonnes) represented the major importers of turkey meatin the world, together constituting X% of total imports. It was distantly followed by Saudi Arabia (X tonnes), committing a X% share of total imports. The following importers - Spain (X tonnes), Belgium (X tonnes), Benin (X tonnes), the UK (X tonnes), France (X tonnes), South Africa (X tonnes), Austria (X tonnes), Portugal (X tonnes) and the Netherlands (X tonnes) - together made up X% of total imports.

From 2007 to 2019, the biggest increases were in Saudi Arabia, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of global imports.

Saudi Arabia 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 2019, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; afterwards, it flattened through to 2019.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI 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. 42% of total volume. Moreover, turkey meat consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (561K tonnes), fourfold. The third position in this ranking was occupied by Germany (484K tonnes), with a 8.3% share.
What are the largest producers of turkey meat in the world?
+
The U.S. (2.7M tonnes) remains the largest turkey meat producing country worldwide, comprising approx. 46% of total volume. Moreover, turkey meat production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (596K tonnes), fourfold. Germany (477K tonnes) ranked third in terms of total production with a 8.2% share.
What are the leading suppliers of turkey meat in the world?
+
In value terms, Poland ($693M), the U.S. ($483M) and Germany ($343M) constituted the countries with the highest levels of exports in 2019, with a combined 58% share of global exports. These countries were followed by Italy, France, Hungary, Spain, Chile, Brazil, the Netherlands, the UK and Canada, which together accounted for a further 32%.
What are the leading importers of turkey meat in the world?
+
In value terms, the largest turkey meat importing markets worldwide were Germany ($369M), Saudi Arabia ($341M) and Mexico ($332M), together accounting for 36% of global imports.
What is the average export price for turkey meat in the world?
+
In 2019, the average turkey meat export price amounted to $2,566 per tonne, increasing by 5.3% against the previous year.
What is the average import price for turkey meat in the world?
+
In 2019, the average turkey meat import price amounted to $2,781 per tonne, increasing by 6.8% 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:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Producing Animals, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Producing Animals, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Producing Animals, By Country, 2019
Figure 24:
Producing Animals, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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