U.S. - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Prices in the United States
U.S. Turkey Meat Export Price per Ton in August 2022
In August 2022, the turkey meat price per ton amounted to $3.3K (FOB, US), picking up by 2.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 8.1% month-to-month. The export price peaked in August 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($4.6K per ton), while the average price for exports to China ($2.3K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Turkey Meat Export Prices by Type
Average prices varied noticeably for the major types of exported product. In August 2022, the products with the highest prices were frozen cuts of turkey ($3.7K per ton) and fresh or chilled whole turkeys ($3.5K per ton), while the average price for exports of fresh or chilled cuts of turkey ($3.0K per ton) and frozen whole turkeys ($3.2K per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: frozen whole turkey (+9.4%), while the prices for the other products experienced more modest paces of growth.
U.S. Turkey Meat Exports
In August 2022, exports of turkey meat from the United States fell to 11K tons, which is down by -7.9% against July 2022. Overall, exports showed a mild setback. The pace of growth was the most pronounced in May 2022 when exports increased by 38% against the previous month. As a result, the exports attained the peak of 13K tons. From June 2022 to August 2022, the growth of the exports failed to regain momentum.
In value terms, turkey meat exports reduced to $36M (IndexBox estimates) in August 2022. In general, exports saw a mild setback. The pace of growth appeared the most rapid in May 2022 when exports increased by 32% m-o-m.
U.S. Turkey Meat Exports by Type
Fresh or chilled cuts of turkey (6.2K tons) was the largest type of turkey meat exported from the United States, accounting for a 57% share of total exports. Moreover, fresh or chilled cuts of turkey exceeded the volume of the second product type, frozen cuts of turkey (3K tons), twofold. Fresh or chilled whole turkeys (994 tons) ranked third in terms of total exports with a 9.1% share.
From January 2022 to August 2022, the average monthly growth rate of the volume of export of fresh or chilled cuts of turkey stood at -3.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen cuts of turkey (-3.4% per month) and fresh or chilled whole turkeys (+67.2% per month).
In value terms, fresh or chilled cuts of turkey ($19M), frozen cuts of turkey ($11M) and fresh or chilled whole turkeys ($3.5M) were the most exported types of turkey meat from the United States worldwide, together accounting for 93% of total exports. Frozen whole turkeys lagged somewhat behind, comprising a further 6.5%.
In terms of the main product categories, fresh or chilled whole turkey, with a CAGR of +69.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
U.S. Turkey Meat Exports by Country
Mexico (8K tons) was the main destination for turkey meat exports from the United States, accounting for a 73% share of total exports. Moreover, turkey meat exports to Mexico exceeded the volume sent to the second major destination, Guatemala (327 tons), more than tenfold. The third position in this ranking was held by the Dominican Republic (315 tons), with a 2.9% share.
From January 2022 to August 2022, the average monthly growth rate of volume to Mexico totaled -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Guatemala (+6.2% per month) and the Dominican Republic (+2.4% per month).
In value terms, Mexico ($26M) remains the key foreign market for turkey meat exports from the United States, comprising 73% of total exports. The second position in the ranking was held by the Dominican Republic ($1.5M), with a 4.1% share of total exports. It was followed by Guatemala, with a 3.3% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value to Mexico amounted to -1.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Dominican Republic (+7.3% per month) and Guatemala (+5.0% per month).
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:
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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