Eastern Asia: Turkey Meat Market 2025

Turkey Meat Market Size in Eastern Asia

The East Asian turkey meat market stood at $X in 2022, picking up by 13% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Turkey Meat Production in Eastern Asia

In value terms, turkey meat production stood at $X in 2022 estimated in export price. Overall, production, however, saw a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 264% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Taiwan (Chinese) (X tons) constituted the country with the largest volume of turkey meat production, comprising approx. 100% of total volume.

In Taiwan (Chinese), turkey meat production shrank by an average annual rate of -2.5% over the period from 2012-2022.

The average turkey meat yield shrank to X kg per head in 2022, almost unchanged from the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 472% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2016 to 2022, the growth of the turkey meat yield remained at a lower figure.

In 2022, number of animals slaughtered for turkey meat production in Eastern Asia totaled X heads, surging by 6.2% on the year before. Over the period under review, the number of producing animals, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports in Eastern Asia

In 2022, exports of turkey meat in Eastern Asia amounted to X tons, approximately equating the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 125% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, turkey meat exports expanded slightly to $X in 2022. In general, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporter of turkey meat in Eastern Asia, with the volume of exports accounting for X tons, which was near 63% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating a 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.0%).

In value terms, China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, China, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the period under review, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.5%).

Turkey Meat Imports

Imports in Eastern Asia

In 2022, purchases abroad of turkey meat decreased by -2.3% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 95%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports soared to $X in 2022. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 77%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, recording X tons, which was approx. 81% of total imports in 2022. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 7.2% share, followed by Hong Kong SAR (5.7%). The following importers - South Korea (X tons) and Japan (X tons) - together made up 5.6% of total imports.

Imports into China decreased at an average annual rate of -9.0% from 2012 to 2022. South Korea (-3.2%), Japan (-4.8%), Taiwan (Chinese) (-14.2%) and Hong Kong SAR (-22.4%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) and South Korea (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-3.1 p.p.) and Hong Kong SAR (-16.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported turkey meat in Eastern Asia, comprising 81% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 6.1% share of total imports. It was followed by Taiwan (Chinese), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -3.6%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-18.9% per year) and Taiwan (Chinese) (-11.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by 21% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat import price increased by +66.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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