Austria: Preserved Turkey Market 2024

Preserved Turkey Market Size in Austria

In 2021, the Austrian preserved turkey market decreased by -2% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Turkey Production in Austria

In value terms, preserved turkey production rose sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 8.2% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Preserved Turkey Exports

Exports from Austria

In 2021, the amount of prepared or preserved meat or offal of turkeys exported from Austria soared to X tons, growing by 50% compared with the previous year. In general, exports, however, saw a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved turkey exports surged to $X in 2021. Overall, exports, however, saw a deep contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Slovakia (X tons) were the main destinations of preserved turkey exports from Austria, together comprising 84% of total exports. These countries were followed by Croatia, Slovenia, Italy, Switzerland and Hungary, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +198.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Austria, comprising 51% of total exports. The second position in the ranking was held by Romania ($X), with a 24% share of total exports. It was followed by Slovakia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+4.8% per year) and Slovakia (-10.3% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, with a decrease of -13.2% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 56%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Austria

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys decreased by -6.8% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when imports increased by 51%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved turkey imports reached $X in 2021. Overall, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2017 when imports increased by 25%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest preserved turkey supplier to Austria, accounting for a 47% share of total imports. Moreover, preserved turkey imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-5.6% per year) and Italy (+12.1% per year).

In value terms, the largest preserved turkey suppliers to Austria were Germany ($X), Romania ($X) and Italy ($X), with a combined 90% share of total imports.

Italy, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, picking up by 9.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Croatia ($X per ton) and Spain ($X per ton), while the price for Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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