Czech Republic: Preserved Turkey Market 2024

Preserved Turkey Market Size in the Czech Republic

The Czech preserved turkey market expanded remarkably to $X in 2021, growing by 6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Turkey Production in the Czech Republic

In value terms, preserved turkey production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 151% against the previous year. Preserved turkey production peaked in 2021 and is likely to see gradual growth in the immediate term.

Preserved Turkey Exports

Exports from the Czech Republic

After six years of decline, overseas shipments of prepared or preserved meat or offal of turkeys increased by 25% to X tons in 2021. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 60% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved turkey exports soared to $X in 2021. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of 82%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for preserved turkey exports from the Czech Republic, accounting for a 67% share of total exports. Moreover, preserved turkey exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.9% per year) and Romania (+14.7% per year).

In value terms, Slovakia ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from the Czech Republic, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Romania, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+73.7% per year) and Romania (+22.4% per year).

Export Prices by Country

In 2021, the average preserved turkey export price amounted to $X per ton, picking up by 2.8% against the previous year. In general, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved turkey export price increased by +77.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 43%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into the Czech Republic

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys increased by 4.9% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of 32%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved turkey imports totaled $X in 2021. In general, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of preserved turkey imports to the Czech Republic, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Poland ($X) and Hungary ($X) appeared to be the largest preserved turkey suppliers to the Czech Republic, together accounting for 89% of total imports.

Among the main suppliers, Poland, with a CAGR of +15.1%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, which is down by -3.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 9.4%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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