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

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

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Sep 10, 2020

Poland Emerges as the Fastest-Growing Exporter at the Global Turkey Meat Market

IndexBox has just published a new report: 'World - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at $13B in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Consumption by Country

The country with the largest volume of turkey meat consumption was the U.S. (2.4M tons), accounting for 41% of total volume. Moreover, turkey meat consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (560K tons), fourfold. Germany (475K tons) ranked third in terms of total consumption with a 8.1% share.

From 2013 to 2019, the average annual rate of growth in terms of volume in the U.S. was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: Brazil (+4.7% per year) and Germany (+1.5% per year).

In value terms, the U.S. ($4.8B) led the market, alone. The second position in the ranking was occupied by Germany ($1.3B). It was followed by Brazil.

The countries with the highest levels of turkey meat per capita consumption in 2019 were Israel (11 kg per person), the U.S. (7.36 kg per person) and Germany (5.79 kg per person).

Production

Global turkey meat production reached 6M tons in 2019, flattening at the previous year. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 5.7% against the previous year. As a result, production attained a peak volume of 6M tons; afterward, it flattened through to 2019.

Production by Country

The U.S. (2.7M tons) constituted the country with the largest volume of turkey meat production, comprising approx. 45% of total volume. Moreover, turkey meat production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (596K tons), fourfold. The third position in this ranking was occupied by Germany (477K tons), with a 8% share.

In the U.S., turkey meat production remained relatively stable over the period from 2013-2019. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+2.3% per year) and Germany (+0.7% per year).

Producing Animals and Yield

In 2019, the number of animals slaughtered for turkey meat production worldwide reached 660M heads, standing approx. at the previous year's figure. Overall, the number of producing animals continues to indicate a relatively flat trend pattern.

The global average turkey meat yield amounted to 9,033 kg per 1000 heads in 2019, stabilizing at 2018 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern.

Exports

In 2019, approx. 1M tons of turkey meat were exported worldwide; growing by 2% against 2018 figures. In general, exports, however, saw a mild slump. In value terms, turkey meat exports rose sharply to $2.6B (IndexBox estimates) in 2019. Overall, exports, however, continue to indicate a slight reduction. Global exports peaked at $3B in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (242K tons) and Poland (212K tons) represented the largest exporters of turkey meat in 2019, resulting at approx. 24% and 21% of total exports, respectively. Germany (121K tons) ranks next in terms of the total exports with a 12% share, followed by France (7%), Italy (5.8%) and Spain (5.1%). The following exporters - Brazil (36K tons), Hungary (35K tons), the UK (28K tons), the Netherlands (26K tons), Chile (25K tons) and Canada (20K tons) - together made up 17% of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest turkey meat supplying countries worldwide were Poland ($691M), the U.S. ($483M) and Germany ($343M), together comprising 58% of global exports. Italy, France, Hungary, Spain, Chile, Brazil, the Netherlands, the UK and Canada lagged somewhat behind, together accounting for a further 33%.

Export Prices by Country

The average turkey meat export price stood at $2,528 per ton in 2019, with an increase of 4.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 5.7% year-to-year. As a result, the export price reached the peak level of $2,664 per ton. From 2015 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Hungary ($3,483 per ton), while Canada ($1,275 per ton) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • FCL 1080 - Turkey meat

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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

Company coverage:

Butterball, Cargill, Cooper Farms, Dakota Provisions, Farbest Foods, Foster Farms, Hain Pure Protein Corp, Jaindl Turkey Sales, Jennie-O Turkey Store, Koch’s Turkey Farm, Kraft Foods, Norbest, Northern Pride Turkey, Perdue Farms

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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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