Greece: Preserved Turkey Market 2024

Preserved Turkey Market Size in Greece

In 2021, the Greek preserved turkey market decreased by -1.2% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Preserved turkey consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Preserved Turkey Production in Greece

In value terms, preserved turkey production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight decline. The growth pace was the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Preserved Turkey Exports

Exports from Greece

In 2021, shipments abroad of prepared or preserved meat or offal of turkeys increased by 7.5% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 228% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved turkey exports expanded rapidly to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 244%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Cyprus (X tons) was the main destination for preserved turkey exports from Greece, accounting for a 71% share of total exports. Moreover, preserved turkey exports to Cyprus exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-2.0% per year) and Romania (+28.8% per year).

In value terms, Cyprus ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Greece, comprising 70% of total exports. The second position in the ranking was taken by Serbia ($X), with a 19% share of total exports. It was followed by Romania, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-2.7% per year) and Romania (+18.6% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, with an increase of 5.5% against the previous year. In general, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Serbia ($X per ton) and Cyprus ($X per ton), while the average price for exports to Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-0.7%), while the prices for the other major destinations experienced a decline.

Preserved Turkey Imports

Imports into Greece

In 2021, overseas purchases of prepared or preserved meat or offal of turkeys decreased by -37% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports faced a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 85% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved turkey imports dropped sharply to $X in 2021. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 80% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of preserved turkey imports to Greece, together accounting for 80% of total imports. These countries were followed by France, Denmark, Poland and Israel, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Greece, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.3% per year) and Spain (-2.6% per year).

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, growing by 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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