Asia: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Asia

After two years of growth, the Asian market for fresh or chilled cuts of turkey decreased by -4.5% to $X in 2022. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Production of Fresh Or Chilled Cuts Of Turkey in Asia

In value terms, fresh or chilled turkey cut production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), Pakistan (X tons) and Indonesia (X tons), with a combined 53% share of total production. South Korea, Saudi Arabia, Iran, the Philippines, Thailand, Malaysia, Kazakhstan, Nepal, Israel and Uzbekistan lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +10.1%), while production for the other leaders experienced more modest paces of growth.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Asia

For the third consecutive year, Asia recorded decline in overseas shipments of fresh or chilled cuts of turkey, which decreased by -34.1% to X tons in 2022. Over the period under review, exports faced a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports reduced dramatically to $X in 2022. In general, exports saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, resulting at X tons, which was near 78% of total exports in 2022. Israel (X tons) took a 4.8% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (4.7%) and Palestine (4.5%). The following exporters - China (X tons) and Georgia (X tons) - together made up 6.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut exports from Kazakhstan stood at +13.8%. At the same time, China (+92.6%) and Palestine (+32.3%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +92.6% from 2012-2022. By contrast, Kuwait (-11.7%), Israel (-14.1%) and Georgia (-16.3%) illustrated a downward trend over the same period. While the share of Kazakhstan (+71 p.p.), Palestine (+4.5 p.p.), China (+4.3 p.p.) and Georgia (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest fresh or chilled turkey cut supplier in Asia, comprising 73% of total exports. The second position in the ranking was taken by Israel ($X), with a 7.4% share of total exports. It was followed by Palestine, with a 6.4% share.

In Kazakhstan, fresh or chilled turkey cut exports increased at an average annual rate of +15.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-15.8% per year) and Palestine (+32.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by -17.9% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by 20% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Asia

Fresh or chilled turkey cut imports rose slightly to X tons in 2022, picking up by 4.7% on 2021. In general, imports, however, saw a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports expanded to $X in 2022. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 33%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Bahrain (X tons), Palestine (X tons), Cambodia (X tons) and China (X tons) were the largest importers of fresh or chilled cuts of turkey, together constituting 92% of total imports. The following importers - Kuwait (X tons) and Cyprus (X tons) - each reached a 3.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +72.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled turkey cut importing markets in Asia were Palestine ($X), Bahrain ($X) and Cambodia ($X), with a combined 70% share of total imports.

Among the main importing countries, Cambodia, with a CAGR of +71.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2017 when the import price increased by 19%. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cyprus ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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