Slovenia: Turkey Meat Market 2024

Turkey Meat Market Size in Slovenia

In 2022, after three years of decline, there was growth in the Slovene turkey meat market, when its value increased by 0.8% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Turkey meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Turkey Meat Production in Slovenia

In value terms, turkey meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 29%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of turkey meat in Slovenia rose slightly to X kg per head, growing by 1.8% on the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 3.7%. The turkey meat yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for turkey meat production in Slovenia amounted to X heads, leveling off at the previous year. This number increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 13%. As a result, the amount of producing animals attained the peak level of X heads. From 2020 to 2022, the growth of this number remained at a lower figure.

Turkey Meat Exports

Exports from Slovenia

In 2022, turkey meat exports from Slovenia was estimated at X tons, growing by 10% against 2021. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.5% against 2017 indices. The growth pace was the most rapid in 2013 when exports increased by 134% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, turkey meat exports soared to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +12.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 192%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Croatia (X tons), Austria (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of turkey meat exports from Slovenia, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +88.1%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Croatia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for turkey meat exported from Slovenia worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, Croatia, with a CAGR of +92.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, with an increase of 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 an increase of 25%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Slovenia

In 2022, purchases abroad of turkey meat increased by 6.7% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, turkey meat imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons), Poland (X tons) and Croatia (X tons) were the main suppliers of turkey meat imports to Slovenia, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +50.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turkey meat suppliers to Slovenia were Hungary ($X), Poland ($X) and Croatia ($X), with a combined 83% share of total imports.

Croatia, with a CAGR of +50.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, picking up by 19% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Croatia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform