Northern America: Preserved Turkey Market 2025

Preserved Turkey Market Size in Northern America

The North American preserved turkey market expanded to $X in 2021, picking up by 2.2% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Preserved Turkey Production in Northern America

In value terms, preserved turkey production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 20%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Preserved Turkey Exports

Exports in Northern America

Preserved turkey exports contracted significantly to X tons in 2021, declining by -28.1% compared with the previous year's figure. Over the period under review, exports recorded a slight descent. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved turkey exports reduced notably to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.4% against 2017 indices. The pace of growth was the most pronounced in 2014 when exports increased by 31%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was near 92% of total exports in 2021. It was distantly followed by Canada (X tons), committing an 8% share of total exports.

Exports from the United States decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, Canada (+25.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +25.6% from 2012-2021. Canada (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -7.1% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest preserved turkey supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 16% share of total exports.

In the United States, preserved turkey exports increased at an average annual rate of +2.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 17% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved turkey export price increased by +41.1% against 2017 indices. The pace of growth was the most pronounced in 2015 when the export price increased by 33% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+12.0%).

Preserved Turkey Imports

Imports in Northern America

After two years of growth, supplies from abroad of prepared or preserved meat or offal of turkeys decreased by -6.5% to X tons in 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 32%. The volume of import peaked at X tons in 2020, and then fell in the following year.

In value terms, preserved turkey imports amounted to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

The purchases of the two major importers of prepared or preserved meat or offal of turkeys, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +11.4%).

In value terms, the United States ($X) constitutes the largest market for imported prepared or preserved meat or offal of turkeys in Northern America, comprising 68% of total imports. The second position in the ranking was held by Canada ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +15.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Source: IndexBox Platform

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