South-Eastern Asia: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in South-Eastern Asia

In 2019, the Southeast Asian frozen turkey cut market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. The level of consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Frozen Turkey Cut Production in South-Eastern Asia

In value terms, frozen turkey cut production shrank to $X in 2019 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

The countries with the highest volumes of frozen turkey cut production in 2019 were Thailand (X tons), Malaysia (X tons) and Timor-Leste (X tons), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of frozen turkey cut production, amongst the leading producing countries, was attained by Malaysia, while frozen turkey cut production for the other leaders experienced mixed trends in the production figures.

Production By Country in South-Eastern Asia

The countries with the highest volumes of frozen turkey cut production in 2019 were Thailand (X tons), Malaysia (X tons) and Timor-Leste (X tons), together comprising X% of total production.

From 2007 to 2019, the biggest increases were in Malaysia, while frozen turkey cut production for the other leaders experienced mixed trends in the production figures.

Frozen Turkey Cut Exports

Exports in South-Eastern Asia

In 2019, shipments abroad of frozen cuts of turkey increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are likely to continue growth in the near future.

In value terms, frozen turkey cut exports reached $X in 2019. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2019 and is expected to retain growth in the near future.

Exports by Country

Vietnam dominates frozen turkey cut exports structure, recording X tons, which was near X% of total exports in 2019. Thailand (X tons) occupied the second position in the ranking, followed by Malaysia (X tons). All these countries together took approx. X% share of total exports. Singapore (X tons) held a minor share of total exports.

Vietnam was also the fastest-growing in terms of the frozen cuts of turkey exports, with a CAGR of +X% from 2007 to 2019. Malaysia and Thailand experienced a relatively flat trend pattern. Singapore (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Thailand and Singapore saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively.

In value terms, Vietnam ($X) remains the largest frozen turkey cut supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, frozen turkey cut exports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Thailand (-X% per year) and Malaysia (+X% per year).

Export Prices by Country

The frozen turkey cut export price in South-Eastern Asia stood at $X per ton in 2019, approximately reflecting the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; afterwards, it flattened through to 2019.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports in South-Eastern Asia

In 2019, purchases abroad of frozen cuts of turkey was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. Total imports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, frozen turkey cut imports shrank to $X in 2019. Total imports indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. The level of import peaked at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons) and the Philippines (X tons) represented roughly X% of total imports of frozen cuts of turkey in 2019. Malaysia (X tons) held the next position in the ranking, distantly followed by Singapore (X tons). All these countries together held near X% share of total imports. The following importers - Brunei Darussalam (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen turkey cut importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. These countries were followed by Singapore, Brunei Darussalam and Lao People's Democratic Republic, which together accounted for a further X Darussalam saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen turkey cut import price in South-Eastern Asia stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure at $X per ton in 2018, and then reduced rapidly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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