Canada - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanada's Export of Frozen Whole Turkey Plummets to $6.1 Million in 2024
Canada Frozen Whole Turkey Exports
In 2024, after three years of growth, there was significant decline in shipments abroad of frozen whole turkeys, when their volume decreased by -44.4% to 2.7K tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 425%. The exports peaked at 4.8K tons in 2023, and then fell rapidly in the following year.
In value terms, frozen whole turkey exports shrank rapidly to $6.1M (IndexBox estimates) in 2024. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 409% against the previous year. Over the period under review, the exports hit record highs at $13M in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Frozen Whole Turkey in Canada (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| United States | 46.6 | 32.3 | 182 | 191 | 204 | 335 | 1,569 | 3,678 | 9,612 | 9,576 | 4,842 |
| Cuba | 273 | 44.5 | 141 | 607 | 1,358 | 2,617 | 1,132 | 1,165 | 1,433 | 1,587 | 922 |
| Trinidad and Tobago | 16.7 | 9.2 | 28.1 | 48.2 | 66.0 | 48.3 | 224 | 608 | 749 | 552 | 317 |
| United Arab Emirates | 7.1 | 2.2 | 3.7 | 2.2 | 7.2 | 22.3 | 64.1 | 101 | 155 | 383 | 193 |
| Taiwan (Chinese) | 37.2 | 19.3 | 55.2 | 33.8 | 38.2 | 41.2 | 135 | 152 | 97.3 | 123 | 62.3 |
| South Africa | 51.4 | 11.2 | 57.6 | 74.2 | 114 | 106 | 156 | 86.7 | 91.9 | 87.6 | 43.9 |
| Others | 185 | 73.4 | 509 | 243 | 382 | 329 | 244 | 407 | 650 | 287 | -261.2 |
| Total | 617 | 192 | 977 | 1,199 | 2,169 | 3,499 | 3,524 | 6,197 | 12,789 | 12,596 | 6,120 |
Exports by Country
the United States (1.7K tons) was the main destination for frozen whole turkey exports from Canada, accounting for a 64% share of total exports. Moreover, frozen whole turkey exports to the United States exceeded the volume sent to the second major destination, Cuba (598 tons), threefold. The third position in this ranking was held by Trinidad and Tobago (234 tons), with an 8.7% share.
From 2014 to 2024, the average annual growth rate of volume to the United States totaled +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+14.7% per year) and Trinidad and Tobago (+37.5% per year).
In value terms, the United States ($4.8M) remains the key foreign market for frozen whole turkeys exports from Canada, comprising 79% of total exports. The second position in the ranking was held by Cuba ($922K), with a 15% share of total exports. It was followed by Trinidad and Tobago, with a 5.2% share.
From 2014 to 2024, the average annual rate of growth in terms of value to the United States totaled +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+12.9% per year) and Trinidad and Tobago (+34.2% per year).
Export Prices by Country
In 2024, the frozen whole turkey price amounted to $2,284 per ton (FOB, Canada), dropping by -12.6% against the previous year. In general, export price indicated a pronounced expansion from 2014 to 2024: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, frozen whole turkey export price decreased by -20.4% against 2022 indices. The pace of growth appeared the most rapid in 2021 an increase of 35%. Over the period under review, the average export prices hit record highs at $2,868 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,992 per ton), while the average price for exports to Gabon ($264 per ton) was amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the frozen whole turkey market in Canada. 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:
- Prodcom 10122015 - Frozen whole turkeys
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
