Eastern Europe: Turkey Meat Market 2024

Turkey Meat Market Size in Eastern Europe

The East European turkey meat market stood at $X in 2022, almost unchanged from the previous year. In general, consumption posted a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Turkey Meat Production in Eastern Europe

In value terms, turkey meat production dropped to $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Poland (X tons) remains the largest turkey meat producing country in Eastern Europe, accounting for 74% of total volume. Moreover, turkey meat production in Poland exceeded the figures recorded by the second-largest producer, Hungary (X tons), fivefold. Ukraine (X tons) ranked third in terms of total production with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Poland totaled +11.6%. In the other countries, the average annual rates were as follows: Hungary (-0.9% per year) and Ukraine (+5.5% per year).

The average turkey meat yield shrank to X kg per head in 2022, with a decrease of -1.7% compared with the previous year's figure. The yield indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat yield increased by +65.6% against 2016 indices. The growth pace was the most rapid in 2018 when the yield increased by 60%. Over the period under review, the turkey meat yield hit record highs at X kg per head in 2021, and then reduced slightly in the following year.

The global number of animals slaughtered for turkey meat production amounted to X heads in 2022, surging by 6.9% against the previous year's figure. This number increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. The level of producing animals peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Turkey Meat Exports

Exports in Eastern Europe

In 2022, turkey meat exports in Eastern Europe amounted to X tons, almost unchanged from the year before. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 17% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, turkey meat exports surged to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +48.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland represented the largest exporting country with an export of around X tons, which resulted at 79% of total exports. It was distantly followed by Hungary (X tons) and Russia (X tons), together making up a 17% share of total exports.

Exports from Poland increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, Russia (+67.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +67.0% from 2012-2022. By contrast, Hungary (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Russia increased by +10 and +5.8 percentage points, respectively.

In value terms, Poland ($X) remains the largest turkey meat supplier in Eastern Europe, comprising 81% of total exports. The second position in the ranking was held by Hungary ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at +7.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (-3.1% per year) and Russia (+69.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the other leaders experienced more modest paces of growth.

Turkey Meat Imports

Imports in Eastern Europe

Turkey meat imports contracted to X tons in 2022, dropping by -9% against the previous year's figure. Overall, imports recorded a slight setback. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports totaled $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of turkey meat imports in 2022 were Poland (X tons), Romania (X tons) and the Czech Republic (X tons), together reaching 67% of total import. It was distantly followed by Bulgaria (X tons), committing a 5.1% share of total imports. Hungary (X tons), Ukraine (X tons), Russia (X tons), Lithuania (X tons), Slovakia (X tons), Belarus (X tons), Latvia (X tons), Estonia (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turkey meat importing markets in Eastern Europe were the Czech Republic ($X), Romania ($X) and Poland ($X), with a combined 69% share of total imports. Hungary, Lithuania, Slovakia, Bulgaria, Estonia, Russia, Latvia, Belarus, Moldova and Ukraine lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Moldova, with a CAGR of +25.1%, saw the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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