U.S. - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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U.S. - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights

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Nov 26, 2019

Turkey Meat Market in the U.S. Remains Robust

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

The revenue of the turkey meat market in the U.S. amounted to $4.8B in 2018, growing by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. In that year, the turkey meat market reached its peak level of $5.2B. From 2016 to 2018, the growth of the turkey meat market remained at a somewhat lower figure.

Production in the U.S.

In 2018, the production of turkey meat in the U.S. totaled 2.7M tons, stabilizing at the previous year. In general, turkey meat production continues to indicate a relatively flat trend pattern, which is largely conditioned by the stability in the demand for turkey meat in the U.S. In terms of supply, the stability of turkey meat output is feasible due to the number of producing animals which remains relatively stable, but the yield figures experiencing a modest growth.

Producing Animals in the U.S.

In 2018, the number of animals slaughtered for turkey meat production in the U.S. amounted to 239M heads, approximately mirroring the previous year. Overall, the number of animals slaughtered for turkey meat production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 4.7% year-to-year.

Yield in the U.S.

In 2018, the average turkey meat yield in the U.S. stood at 11 kg per head, remaining relatively unchanged against the previous year. Over the period under review, the turkey meat yield continues to indicate a modest increase. The growth pace was the most rapid in 2008 with an increase of 2.5% y-o-y. Over the period under review, the average turkey meat yield reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Exports from the U.S.

In 2018, approx. 219K tons of turkey meat were exported from the U.S.; waning by -5.2% against the previous year. In general, after contracting in 2015, turkey meat exports continue to indicate a relatively flat trend pattern over the last four years.

In value terms, turkey meat exports totaled $419M (IndexBox estimates) in 2018.

Exports by Country

Mexico (110K tons) was the main destination for turkey meat exports from the U.S., accounting for a 50% share of total exports. Moreover, turkey meat exports to Mexico exceeded the volume sent to the second major destination, China (26K tons), fourfold. China, Hong Kong SAR (13K tons) ranked third in terms of total exports with a 5.7% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Mexico totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.2% per year) and China, Hong Kong SAR (+5.9% per year).

Export Prices by Country

The average turkey meat export price stood at $1,911 per ton in 2018, growing by 6% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2015 when the average export price increased by 11% against the previous year. In that year, the average export prices for turkey meat reached their peak level of $2,194 per ton. From 2016 to 2018, the growth in terms of the average export prices for turkey meat remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($2,572 per ton), while the average price for exports to Haiti ($784 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the turkey meat imports into the U.S. totaled 8.5K tons, coming down by -21.4% against the previous year. In value terms, turkey meat imports totaled $27M (IndexBox estimates) in 2018. In general, turkey meat imports remain insignificant against the overall market size, thanks to the well established domestic turkey meat industry.

Imports by Country

Canada (4.2K tons), Chile (3.5K tons) and Israel (643 tons) were the main suppliers of turkey meat imports to the U.S., together comprising 99% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Chile, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average turkey meat import price amounted to $3,233 per ton, increasing by 20% against the previous year. Over the period under review, the turkey meat import price continues to indicate a resilient increase.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($5,288 per ton), while the price for Canada ($2,730 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the turkey meat market in the U.S.. 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:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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 THE 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 EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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 VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024
  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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