United Kingdom - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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United Kingdom - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights

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July 7, 2023 at 12:33 AM GMT+0

Turkey Meat Price in UK Increases 7%, Averaging $4,564 per Ton After Two Consecutive Months of Increase

United Kingdom Turkey Meat Import Price in March 2023

In March 2023, the turkey meat price stood at $4,564 per ton (CIF, United Kingdom), growing by 6.9% against the previous month. In general, import price indicated noticeable growth from March 2022 to March 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, turkey meat import price increased by +12.8% against January 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 29% against the previous month. As a result, import price reached the peak level of $7,060 per ton. From January 2023 to March 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,480 per ton), while the price for Belgium ($1,013 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 Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Turkey Meat in United Kingdom (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Germany4,7954,3993,1184,8114,0294,8974,8025,5225,8666,1964,8915,3475,480
Poland4,7615,3625,3035,2955,3254,2945,0675,4046,0976,9775,9035,4115,297
Ireland4,3143,9256,0043,1663,9632,7332,3442,8276,4939,8524,7875,0034,688
Romania4,0994,5035,3594,4854,1854,6303,9994,5425,1916,3684,6644,5314,594
Italy3,0773,4883,8052,6273,5084,1662,5314,6175,1697,2414,5194,2684,317
Spain2,320N/A7475,9051,1214682,1714653,7944,2522,6761,7441,593
France1,2784,6111,3374,0711,7112,2091,1471,6341,4572,5771,0541,0671,133
Belgium2,625N/AN/A718N/A1,7785,4359153,3131,059N/A1,3131,013
Average3,6004,6054,8064,5264,3973,8773,6684,6405,4787,0604,0464,2674,564

United Kingdom Turkey Meat Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In March 2023, the product with the highest price was fresh or chilled whole turkeys ($5,909 per ton), while the price for frozen cuts of turkey ($2,968 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 frozen whole turkey (+14.4%), while the prices for the other products experienced more modest paces of growth.

United Kingdom Turkey Meat Imports

In March 2023, approximately 1.3K tons of turkey meat were imported into the UK; increasing by 15% on February 2023 figures. Over the period under review, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in December 2022 with an increase of 61% m-o-m. As a result, imports attained the peak of 6.2K tons. From January 2023 to March 2023, the growth of imports remained at a lower figure.

In value terms, turkey meat imports surged to $5.8M (IndexBox estimates) in March 2023. Overall, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in December 2022 when imports increased by 107% against the previous month. As a result, imports attained the peak of $44M. From January 2023 to March 2023, the growth of imports failed to regain momentum.

United Kingdom Turkey Meat Imports by Type

Fresh or chilled cuts of turkey (671 tons), frozen cuts of turkey (434 tons) and fresh or chilled whole turkeys (156 tons) were the main products of turkey meat imports to the UK.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by fresh or chilled whole turkey (with a CAGR of +1.9%), while imports for the other products experienced a decline.

In value terms, fresh or chilled cuts of turkey ($3.5M) constituted the largest type of turkey meat supplied to the UK, comprising 62% of total imports. The second position in the ranking was held by frozen cuts of turkey ($1.3M), with a 22% share of total imports.

United Kingdom Turkey Meat Imports by Country

Poland (523 tons), Germany (280 tons) and France (147 tons) were the main suppliers of turkey meat imports to the UK, together comprising 75% of total imports.

From March 2022 to March 2023, the biggest increases were in Germany (with a CAGR of +10.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest turkey meat suppliers to the UK were Poland ($2.8M), Germany ($1.5M) and Ireland ($430K), together accounting for 82% of total imports.

Germany, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the turkey meat market in the UK. 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 Kingdom

Data coverage:

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