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Brazil - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Brazil - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights

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Oct 23, 2023

Significant Decrease in Brazil's Turkey Meat Export to $11M in August 2023

Brazil Turkey Meat Exports

In August 2023, overseas shipments of turkey meat decreased by -11.1% to 4.8K tons, falling for the second consecutive month after two months of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when exports increased by 102% m-o-m. As a result, the exports reached the peak of 8.8K tons. From July 2023 to August 2023, the growth of the exports failed to regain momentum.

In value terms, turkey meat exports dropped markedly to $11M (IndexBox estimates) in August 2023. Overall, exports showed a slight reduction. The growth pace was the most rapid in June 2023 with an increase of 190% against the previous month. As a result, the exports reached the peak of $33M. From July 2023 to August 2023, the growth of the exports failed to regain momentum.Brazil Turkey Meat Exports By Country (Million USD)

COUNTRYExport Value of Turkey Meat in Brazil (million USD)
Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023
Netherlands< 0.10.60.24.82.46.71.00.30.40.30.40.33.1
South Africa1.21.91.62.21.72.11.91.51.71.80.91.41.7
Mexico6.46.58.78.60.50.20.22.81.94.928.12.01.7
Congo0.20.60.20.40.10.4< 0.10.5< 0.10.2N/A0.40.5
Peru0.70.70.90.80.80.80.70.50.91.11.11.40.4
Chile1.82.91.24.61.71.30.86.30.1< 0.1< 0.14.50.3
Others2.72.52.52.81.62.51.63.33.13.22.44.63.3
Total13.115.515.424.38.813.96.315.38.111.433.014.611.0

Exports by Country

South Africa (1K tons), Mexico (737 tons) and the Netherlands (679 tons) were the main destinations of turkey meat exports from Brazil, with a combined 51% share of total exports.

From August 2022 to August 2023, the biggest increases were in the Netherlands (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($3.1M), South Africa ($1.7M) and Mexico ($1.7M) were the largest markets for turkey meat exported from Brazil worldwide, with a combined 59% share of total exports.

the Netherlands, with a CAGR of +50.5%, saw the highest rates of growth with regard to 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.

Exports by Type

Frozen turkey cuts (4.3K tons) was the largest type of turkey meat exported from Brazil, with a 89% share of total exports. Moreover, frozen turkey cuts exceeded the volume of the second product type, frozen whole turkeys (517 tons), eightfold.

From August 2022 to August 2023, the average monthly growth rate of the volume of export of frozen turkey cuts totaled -1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole turkeys (+30.6% per month) and fresh or chilled whole turkeys (+64.5% per month).

In value terms, frozen turkey cuts ($9.7M) remains the largest type of turkey meat exported from Brazil, comprising 88% of total exports. The second position in the ranking was held by frozen whole turkeys ($1.3M), with a 12% share of total exports.

From August 2022 to August 2023, the average monthly growth rate of the export volume of frozen turkey cuts amounted to -2.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole turkeys (+32.9% per month) and fresh or chilled whole turkeys (+49.1% per month).

Export Prices by Country

In August 2023, the turkey meat price stood at $2,293 per ton (FOB, Brazil), with a decrease of -15.3% against the previous month. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 43% month-to-month. As a result, the export price reached the peak level of $3,773 per ton. From July 2023 to August 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,396 per ton), while the average price for exports to Democratic Republic of the Congo ($462 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the turkey meat market in Brazil. 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 2030.

Product coverage:

  • FCL 1080 - Turkey meat

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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