India: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in India

The Indian market for fresh or chilled cuts of turkey fell slightly to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a buoyant expansion 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, consumption decreased by -1.1% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Production of Fresh Or Chilled Cuts Of Turkey in India

In value terms, fresh or chilled turkey cut production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 21% against the previous year. Fresh or chilled turkey cut production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports from India

In 2019, shipments abroad of fresh or chilled cuts of turkey decreased by -23.6% to X kg, falling for the second consecutive year after two years of decline. Overall, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 16%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports dropped significantly to $X in 2019. In general, exports saw a sharp decline. The growth pace was the most rapid in 2013 with an increase of 35%. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

Bhutan (X kg) was the main destination for fresh or chilled turkey cut exports from India, accounting for a 98% share of total exports. It was followed by the United Arab Emirates (X kg), with a 1.7% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Bhutan stood at -8.9%.

In value terms, Bhutan ($X) emerged as the key foreign market for fresh or chilled cuts of turkey exports from India, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Bhutan stood at +1.4%.

Export Prices by Country

In 2019, the average export price for fresh or chilled cuts of turkey amounted to $X per ton, increasing by 8.6% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure in 2019 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bhutan totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+11.3%).

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into India

In 2022, approx. X tons of fresh or chilled cuts of turkey were imported into India; rising by 84% compared with 2021. In general, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 262% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports reached $X in 2022. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 121% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main fresh or chilled turkey cut supplier to India, accounting for a 94% share of total imports. Moreover, fresh or chilled turkey cut imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +11.2%.

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled cuts of turkey to India, comprising 94% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled -8.1%.

Import Prices by Country

The average import price for fresh or chilled cuts of turkey stood at $X per ton in 2022, falling by -45.2% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2017 when the average import price increased by 69%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-17.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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