South-Eastern Asia: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in the Southeast Asian market for fresh or chilled cuts of turkey, when its value decreased by -16.8% to $X. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in South-Eastern Asia

In value terms, fresh or chilled turkey cut production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 28%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Indonesia (X tons) remains the largest fresh or chilled turkey cut producing country in South-Eastern Asia, accounting for 49% of total volume. Moreover, fresh or chilled turkey cut production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 14% share.

In Indonesia, fresh or chilled turkey cut production increased at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+7.2% per year) and Thailand (-1.3% per year).

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in South-Eastern Asia

In 2022, fresh or chilled turkey cut exports in South-Eastern Asia dropped significantly to X tons, with a decrease of -73.8% against the previous year. Overall, exports saw a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 570% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports shrank significantly to $X in 2022. In general, exports, however, posted slight growth. The pace of growth was the most pronounced in 2017 with an increase of 882%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia was the key exporter of fresh or chilled cuts of turkey in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 61% of total exports in 2022. Indonesia (X tons) ranks second in terms of the total exports with a 33% share, followed by Singapore (6.1%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +11.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022.

Indonesia, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 38% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the export price increased by 51% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in South-Eastern Asia

In 2022, the amount of fresh or chilled cuts of turkey imported in South-Eastern Asia rose rapidly to X tons, with an increase of 5.2% on 2021 figures. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 911%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled turkey cut imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 675%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam represented the largest importing country with an import of around X tons, which recorded 70% of total imports. It was distantly followed by Cambodia (X tons), making up a 28% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut imports into Vietnam stood at +36.3%. At the same time, Cambodia (+72.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +72.2% from 2012-2022. Vietnam (+41 p.p.) and Cambodia (+27 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022.

Cambodia, with a CAGR of +71.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2013 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (-0.6%).

Source: IndexBox Platform

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