Asia-Pacific: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Asia-Pacific

The Asia-Pacific frozen turkey cut market declined to $X in 2019, shrinking by -X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Frozen Turkey Cut Production in Asia-Pacific

In value terms, frozen turkey cut production reduced to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a somewhat lower figure.

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, Thailand (X tons), sixfold. Australia (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in India stood at +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Australia (-X% per year).

Production By Country in Asia-Pacific

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, Thailand (X tons), sixfold. The third position in this ranking was occupied by Australia (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in India amounted to +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Australia (-X% per year).

Frozen Turkey Cut Exports

Exports in Asia-Pacific

In 2019, exports of frozen cuts of turkey in Asia-Pacific was estimated at X tons, surging by X% on 2018 figures. Overall, exports enjoyed mild growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2016 to 2019, the growth exports failed to regain the momentum.

In value terms, frozen turkey cut exports rose significantly to $X in 2019. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Hong Kong SAR dominates frozen turkey cut exports structure, accounting for X tons, which was approx. X% of total exports in 2019. The following exporters - Vietnam (X tons), Australia (X tons) and India (X tons) - each resulted at a X% share of total exports.

Exports from Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2019. At the same time, Vietnam (+X%) and India (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2019. By contrast, Australia (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Hong Kong SAR and Vietnam increased by +X% and +X% percentage points, while Australia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest frozen turkey cut supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Hong Kong SAR, frozen turkey cut exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and India (+X% per year).

Export Prices by Country

The frozen turkey cut export price in Asia-Pacific stood at $X per ton in 2019, surging by X% against the previous year. Export price indicated a strong expansion 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 export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% y-o-y. Over the period under review, export prices reached the maximum in 2019 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Hong Kong SAR ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Frozen Turkey Cut Imports

Imports in Asia-Pacific

Frozen turkey cut imports reduced to X tons in 2019, which is down by -X% on the year before. Overall, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, frozen turkey cut imports declined rapidly to $X in 2019. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Hong Kong SAR (X tons), distantly followed by China (X tons), Vietnam (X tons), the Philippines (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the key importers of frozen cuts of turkey, together achieving X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen turkey cut importing markets in Asia-Pacific were Hong Kong SAR ($X), China ($X) and South Korea ($X), together accounting for X% of total imports. Japan, Vietnam, Taiwan (Chinese) and the Philippines lagged somewhat behind, together comprising a further X the main importing countries, Japan 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 frozen turkey cut import price in Asia-Pacific stood at $X per ton in 2019, reducing by -X% against the previous year. Import price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. 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 2017 indices. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while the Philippines ($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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