Europe: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Europe

The Europe frozen whole turkey market rose notably to $X in 2022, increasing by 15% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Whole Turkey Production in Europe

In value terms, frozen whole turkey production contracted to $X in 2022 estimated in export price. In general, production showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 15%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of frozen whole turkey production was France (X tons), accounting for 48% of total volume. Moreover, frozen whole turkey production in France exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), fourfold. Ukraine (X tons) ranked third in terms of total production with a 10% share.

From 2012 to 2022, the average annual growth rate of volume in France amounted to -6.8%. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+6.0% per year) and Ukraine (+4.6% per year).

Frozen Whole Turkey Exports

Exports in Europe

In 2022, overseas shipments of frozen whole turkeys were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen whole turkey exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable decline. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France dominates exports structure, reaching X tons, which was approx. 72% of total exports in 2022. It was distantly followed by Poland (X tons), making up an 8.5% share of total exports. The Netherlands (X tons), Romania (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen whole turkey exports from France stood at -7.5%. At the same time, Romania (+43.2%), Spain (+9.6%), Italy (+6.8%) and Poland (+4.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of +43.2% from 2012-2022. By contrast, the Netherlands (-2.4%) illustrated a downward trend over the same period. Poland (+5.6 p.p.), Romania (+3.9 p.p.), Italy (+2.7 p.p.) and Spain (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while France saw its share reduced by -10.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest frozen whole turkey supplier in Europe, comprising 73% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.5% share of total exports. It was followed by the Netherlands, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in France stood at -5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+4.3% per year) and the Netherlands (+0.4% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Italy ($X per ton), while Poland ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the other leaders experienced more modest paces of growth.

Frozen Whole Turkey Imports

Imports in Europe

After three years of decline, supplies from abroad of frozen whole turkeys increased by 16% to X tons in 2022. Overall, imports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2013 when imports increased by 28%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen whole turkey imports soared to $X in 2022. In general, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2013 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by Finland (X tons), Portugal (X tons), Denmark (X tons) and Greece (X tons) represented the key importers of frozen whole turkeys, together committing 76% of total imports. The following importers - Bulgaria (X tons), the Netherlands (X tons), the UK (X tons), Spain (X tons), France (X tons) and Belgium (X tons) - together made up 14% of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +35.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported frozen whole turkeys in Europe, comprising 35% of total imports. The second position in the ranking was held by Finland ($X), with a 16% share of total imports. It was followed by Denmark, with a 9.6% share.

In Germany, frozen whole turkey imports increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+28.8% per year) and Denmark (+3.2% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by 9.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belgium ($X per ton) and Denmark ($X per ton), while Portugal ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform