Norway: Turkey Meat Market 2024

Turkey Meat Market Size in Norway

The Norwegian turkey meat market dropped to $X in 2022, with a decrease of -5.1% against the previous year. In general, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Turkey Meat Production in Norway

In value terms, turkey meat production reduced to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average turkey meat yield in Norway totaled X kg per head, approximately mirroring the year before. The yield figure increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by 7.7%. Over the period under review, the average turkey meat yield attained the maximum level at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for turkey meat production in Norway; shrinking by -1.6% on the previous year's figure. In general, the number of producing animals saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by 8.5% against the previous year. The number of animals slaughtered for turkey meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports from Norway

In 2022, the amount of turkey meat exported from Norway skyrocketed to X tons, rising by 23% on 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 227% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, turkey meat exports expanded notably to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 127%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for turkey meat exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +75.0%.

In value terms, Sweden ($X) also remains the key foreign market for turkey meat exports from Norway.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +61.5%.

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, dropping by -6.5% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 44%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +1.4% per year.

Turkey Meat Imports

Imports into Norway

In 2022, the amount of turkey meat imported into Norway declined to X tons, waning by -6% against the previous year. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of 216% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports amounted to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 297%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest turkey meat supplier to Norway, accounting for a 65% share of total imports. Moreover, turkey meat imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+81.5% per year) and the UK (+79.5% per year).

In value terms, Denmark ($X) constituted the largest supplier of turkey meat to Norway, comprising 78% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Denmark stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+80.9% per year) and the UK (+74.2% per year).

Import Prices by Country

The average turkey meat import price stood at $X per ton in 2022, picking up by 17% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat import price increased by +83.6% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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