Northern America: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in Northern America

The North American market for fresh or chilled cuts of turkey was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Fresh Or Chilled Cuts Of Turkey in Northern America

In value terms, fresh or chilled turkey cut production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 24%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

The United States (X tons) constituted the country with the largest volume of fresh or chilled turkey cut production, comprising approx. 89% of total volume. Moreover, fresh or chilled turkey cut production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume in the United States totaled +2.9%.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Northern America

In 2022, overseas shipments of fresh or chilled cuts of turkey decreased by -33.6% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2014 when exports increased by 20%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, finishing at X tons, which was near 98% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut exports from the United States stood at -4.7%. Canada (-4.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest fresh or chilled turkey cut supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 25% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled turkey cut export price increased by +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 30%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.9%).

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Northern America

In 2022, approx. X tons of fresh or chilled cuts of turkey were imported in Northern America; with a decrease of -24.8% on the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports declined sharply to $X in 2022. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The United States represented the main importing country with an import of around X tons, which finished at 66% of total imports. It was distantly followed by Canada (X tons), constituting a 32% share of total imports. Bermuda (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the fresh or chilled cuts of turkey imports, with a CAGR of +8.8% from 2012 to 2022. Bermuda (-3.4%) and Canada (-8.5%) illustrated a downward trend over the same period. While the share of the United States (+40 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-39.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled turkey cut importing markets in Northern America were the United States ($X), Canada ($X) and Bermuda ($X), together comprising 100% of total imports.

The United States, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (+12.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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