China - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Turkey Meat Import Drops Significantly to $3.2M in March 2023
China Turkey Meat Imports
In March 2023, imports of turkey meat into China contracted dramatically to 1K tons, waning by -45.8% on February 2023. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in February 2023 when imports increased by 69% against the previous month.
In value terms, turkey meat imports fell rapidly to $3.2M (IndexBox estimates) in March 2023. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in February 2023 with an increase of 50% month-to-month.
| COUNTRY | Import Value of Turkey Meat in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Russia | 1.0 | 0.5 | 1.2 | 1.5 | 2.8 | 3.0 | 2.6 | 2.3 | 1.9 | 2.7 | 2.1 | 4.5 | 2.6 |
| Chile | 1.7 | 0.8 | 1.5 | 1.7 | 2.6 | 2.6 | 2.8 | 1.9 | 1.9 | 2.2 | 1.7 | 1.6 | 0.4 |
| United States | 1.7 | 3.3 | 1.5 | 1.3 | 1.1 | 0.5 | 1.0 | < 0.1 | 0.3 | 0.4 | 0.3 | 0.1 | 0.2 |
| Others | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Total | 4.4 | 4.6 | 4.2 | 4.4 | 6.5 | 6.1 | 6.3 | 4.3 | 4.1 | 5.3 | 4.1 | 6.2 | 3.2 |
Imports by Country
In March 2023, Russia (781 tons) constituted the largest turkey meat supplier to China, accounting for a 78% share of total imports. Moreover, turkey meat imports from Russia exceeded the figures recorded by the second-largest supplier, Chile (168 tons), fivefold.
From March 2022 to March 2023, the average monthly growth rate of volume from Russia amounted to +5.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Chile (-11.9% per month) and the United States (-16.1% per month).
In value terms, Russia ($2.6M) constituted the largest supplier of turkey meat to China, comprising 81% of total imports. The second position in the ranking was taken by Chile ($400K), with a 12% share of total imports.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from Russia amounted to +8.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Chile (-11.4% per month) and the United States (-16.0% per month).
Imports by Type
In March 2023, frozen cuts of turkey (1K tons) was the main type of turkey meat supplied to China, accounting for a approximately 100% share of total imports.
From March 2022 to March 2023, the average monthly growth rate of the volume of import of frozen cuts of turkey totaled -4.0%.
In value terms, frozen cuts of turkey ($3.2M) constituted the largest type of turkey meat supplied to China.
Import Prices by Country
In March 2023, the turkey meat price stood at $3,234 per ton (CIF, China), shrinking by -3.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 50% month-to-month. As a result, import price reached the peak level of $4,035 per ton. From May 2022 to March 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($3,968 per ton), while the price for Chile ($2,384 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Russia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the turkey meat market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
