Belgium: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Belgium

In 2022, the Belgian market for fresh or chilled cuts of turkey was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Fresh Or Chilled Cuts Of Turkey in Belgium

In value terms, fresh or chilled turkey cut production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. Fresh or chilled turkey cut production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports from Belgium

After two years of growth, shipments abroad of fresh or chilled cuts of turkey decreased by -21.8% to X tons in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 2020 with an increase of 26%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, fresh or chilled turkey cut exports declined to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 30%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Luxembourg (X tons) were the main destinations of fresh or chilled turkey cut exports from Belgium, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for fresh or chilled cuts of turkey exports from Belgium, comprising 56% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.2% per year) and Luxembourg (+4.1% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled cuts of turkey amounted to $X per ton, increasing by 25% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into Belgium

In 2022, purchases abroad of fresh or chilled cuts of turkey was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 15%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports soared to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of fresh or chilled turkey cut imports to Belgium, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and Germany ($X) appeared to be the largest fresh or chilled turkey cut suppliers to Belgium, together accounting for 92% of total imports.

Poland, with a CAGR of +18.7%, recorded 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

In 2022, the average import price for fresh or chilled cuts of turkey amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled turkey cut import price increased by +36.3% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 21%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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