Report Update Nov 1, 2024

Scandinavia - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Scandinavia: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Scandinavia

In 2022, the Scandinavia frozen whole turkey market increased by 83% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a significant expansion. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Frozen Whole Turkey Production in Scandinavia

In value terms, frozen whole turkey production expanded notably to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +103.7% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 56%. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Finland (X tons) constituted the country with the largest volume of frozen whole turkey production, comprising approx. 100% of total volume.

In Finland, frozen whole turkey production increased at an average annual rate of +6.0% over the period from 2012-2022.

Frozen Whole Turkey Exports

Exports in Scandinavia

Frozen whole turkey exports fell rapidly to X kg in 2022, with a decrease of -92.3% compared with 2021 figures. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,906% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen whole turkey exports soared to $X in 2022. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 2,511%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Finland (X kg) was the main exporter of frozen whole turkeys, creating 88% of total exports. It was distantly followed by Norway (X kg), mixing up a 12% share of total exports.

Exports from Finland decreased at an average annual rate of -89.9% from 2012 to 2022. Norway (-21.7%) illustrated a downward trend over the same period. Finland (+88 p.p.) and Norway (+9.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest frozen whole turkey supplier in Scandinavia, comprising 99% of total exports. The second position in the ranking was taken by Norway ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland amounted to +263.4%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by 3,463% against the previous year. Overall, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3,506.9%).

Frozen Whole Turkey Imports

Imports in Scandinavia

In 2022, supplies from abroad of frozen whole turkeys increased by 95% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 238% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, frozen whole turkey imports skyrocketed to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 254%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Finland dominates imports structure, reaching X tons, which was approx. 98% of total imports in 2022. Sweden (X tons) followed a long way behind the leaders.

Finland was also the fastest-growing in terms of the frozen whole turkeys imports, with a CAGR of +35.5% from 2012 to 2022. At the same time, Sweden (+22.6%) displayed positive paces of growth. While the share of Finland (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-2.7 p.p.) displayed negative dynamics.

In value terms, Finland ($X) constitutes the largest market for imported frozen whole turkeys in Scandinavia, comprising 98% of total imports. The second position in the ranking was taken by Sweden ($X), with a 1.7% share of total imports.

In Finland, frozen whole turkey imports increased at an average annual rate of +28.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, declining by -6.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 20%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%).

Source: IndexBox Platform

This report provides an in-depth analysis of the frozen whole turkey market in Scandinavia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122015 - Frozen whole turkeys

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Scandinavia, split by region and country
Trade (exports and imports) in Scandinavia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Producing Animals, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Producing Animals, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Producing Animals, By Country, 2023
25. Producing Animals, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023