GCC: Preserved Turkey Market 2025

Preserved Turkey Market Size in GCC

In 2021, the GCC preserved turkey market increased by 0.7% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Preserved Turkey Production in GCC

In value terms, preserved turkey production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Preserved Turkey Exports

Exports in GCC

In 2021, the amount of prepared or preserved meat or offal of turkeys exported in GCC fell notably to X tons, which is down by -79.1% against the year before. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 174%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved turkey exports contracted sharply to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 186%. The level of export peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

The United Arab Emirates was the main exporting country with an export of about X tons, which resulted at 83% of total exports. It was distantly followed by Saudi Arabia (X tons), achieving a 13% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the prepared or preserved meat or offal of turkeys exports, with a CAGR of +26.6% from 2012 to 2021. At the same time, Kuwait (+20.2%) displayed positive paces of growth. By contrast, Saudi Arabia (-19.0%) illustrated a downward trend over the same period. The United Arab Emirates (+73 p.p.) and Kuwait (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -75.5% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest preserved turkey supplier in GCC, comprising 86% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports.

In the United Arab Emirates, preserved turkey exports increased at an average annual rate of +31.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-20.4% per year) and Kuwait (+17.4% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 24% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the other leaders experienced a decline in the export price figures.

Preserved Turkey Imports

Imports in GCC

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys decreased by -69.6% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, showed pronounced growth. The pace of growth appeared the most rapid in 2013 with an increase of 220%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved turkey imports fell rapidly to $X in 2021. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2013 when imports increased by 264%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which recorded 48% of total imports. Kuwait (X tons) ranks second in terms of the total imports with an 18% share, followed by the United Arab Emirates (15%), Qatar (11%) and Bahrain (5%). Oman (X tons) held a minor share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +8.9% from 2012 to 2021. At the same time, Bahrain (+32.3%), Kuwait (+11.1%) and the United Arab Emirates (+2.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +32.3% from 2012-2021. By contrast, Oman (-3.2%) and Qatar (-11.7%) illustrated a downward trend over the same period. Saudi Arabia (+20 p.p.), Kuwait (+9.3 p.p.) and Bahrain (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Qatar saw its share reduced by -2.4% and -31.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported prepared or preserved meat or offal of turkeys in GCC, comprising 41% of total imports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 16% share.

In Saudi Arabia, preserved turkey imports expanded at an average annual rate of +17.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+11.3% per year) and the United Arab Emirates (+4.5% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2015 an increase of 23%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform