ASEAN: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in ASEAN

After two years of growth, the ASEAN market for fresh or chilled cuts of turkey decreased by -16.9% to $X in 2022. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in ASEAN

In value terms, fresh or chilled turkey cut production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, 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 28%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Indonesia (X tons) remains the largest fresh or chilled turkey cut producing country in ASEAN, accounting for 49% of total volume. Moreover, fresh or chilled turkey cut production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 15% share.

In Indonesia, fresh or chilled turkey cut production expanded at an average annual rate of +2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Philippines (+7.2% per year) and Thailand (-1.3% per year).

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in ASEAN

In 2022, fresh or chilled turkey cut exports in ASEAN contracted remarkably to X tons, declining by -73.8% on 2021. Over the period under review, exports showed a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 570%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled turkey cut exports fell significantly to $X in 2022. In general, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 882%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X tons) represented the major exporter of fresh or chilled cuts of turkey, achieving 61% of total exports. Indonesia (X tons) took a 33% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (6.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +11.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022.

Indonesia, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by 38% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in ASEAN

Fresh or chilled turkey cut imports was estimated at X tons in 2022, picking up by 5.2% on the previous year. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 911% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports soared to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 675% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam was the key importer of fresh or chilled cuts of turkey in ASEAN, with the volume of imports reaching X tons, which was near 70% of total imports in 2022. It was distantly followed by Cambodia (X tons), mixing up a 28% share of total imports.

Imports into Vietnam increased at an average annual rate of +36.3% from 2012 to 2022. At the same time, Cambodia (+72.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +72.2% from 2012-2022. From 2012 to 2022, the share of Vietnam and Cambodia increased by +41 and +27 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled turkey cut importing markets in ASEAN were Cambodia ($X) and Vietnam ($X).

Cambodia, with a CAGR of +71.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by 19% against the previous year. Overall, the import price, however, saw a mild descent. The pace of growth appeared the most rapid in 2013 when the import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (-0.6%).

Source: IndexBox Platform