Asia: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Asia

After three years of growth, the Asian frozen turkey cut market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018, and then shrank modestly in the following year.

Frozen Turkey Cut Production in Asia

In value terms, frozen turkey cut production dropped to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018, and then reduced in the following year.

India (X tons) constituted the country with the largest volume of frozen turkey cut production, accounting for X% of total volume. Moreover, frozen turkey cut production in India exceeded the figures recorded by the second-largest producer, Turkey (X tons), threefold. Iran (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in India amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+X% per year) and Iran (+X% per year).

Production By Country in Asia

The country with the largest volume of frozen turkey cut production was India (X tons), accounting for X% of total volume. Moreover, frozen turkey cut production in India exceeded the figures recorded by the second-largest producer, Turkey (X tons), threefold. The third position in this ranking was occupied by Iran (X tons), with a X% share.

In India, frozen turkey cut production expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Iran (+X% per year).

Frozen Turkey Cut Exports

Exports in Asia

In 2019, overseas shipments of frozen cuts of turkey increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in years to come.

In value terms, frozen turkey cut exports rose slightly to $X in 2019. Total exports indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) and Turkey (X tons) dominates frozen turkey cut exports structure, together mixing up X% of total exports. It was distantly followed by Kazakhstan (X tons), mixing up a X% share of total exports. The following exporters - Israel (X tons), Jordan (X tons) and Cyprus (X tons) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cyprus, while exports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Turkey ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2019, together accounting for X% of total exports. Israel, Jordan and Cyprus lagged somewhat behind, together comprising a further X terms of the main exporting countries, Cyprus saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the frozen turkey cut export price in Asia amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2013 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports in Asia

For the third consecutive year, Asia recorded decline in overseas purchases of frozen cuts of turkey, which decreased by -X% to X tons in 2019. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The volume of import peaked at X tons in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, frozen turkey cut imports contracted to $X in 2019. Total imports indicated a slight expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Hong Kong SAR (X tons), distantly followed by China (X tons), Azerbaijan (X tons), Palestine (X tons), Jordan (X tons) and the United Arab Emirates (X tons) were the largest importers of frozen cuts of turkey, together achieving X% of total imports. The following importers - Vietnam (X tons), the Philippines (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Tajikistan (X tons), Japan (X tons) and Bahrain (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Azerbaijan (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Palestine ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports. These countries were followed by the United Arab Emirates, South Korea, Jordan, Japan, Vietnam, Taiwan (Chinese), Azerbaijan, the Philippines, Bahrain and Tajikistan, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the frozen turkey cut import price in Asia amounted to $X per ton, which is down by -X% against the previous year. Import price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, frozen turkey cut import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Palestine ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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