South-Eastern Asia: Preserved Turkey Market 2025

Preserved Turkey Market Size in South-Eastern Asia

The Southeast Asian preserved turkey market amounted to $X in 2021, picking up by 4.9% against the previous year. In general, consumption, however, recorded a mild shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Preserved Turkey Production in South-Eastern Asia

In value terms, preserved turkey production rose significantly to $X in 2021 estimated in export price. In general, production, however, showed a mild downturn. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Preserved Turkey Exports

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded decline in shipments abroad of prepared or preserved meat or offal of turkeys, which decreased by -55.6% to X tons in 2021. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 328%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved turkey exports declined markedly to $X in 2021. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 266% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Thailand (X tons) represented roughly 69% of total exports in 2021. Vietnam (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (9.9%) and the Philippines (6.3%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +85.2%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the largest preserved turkey supplier in South-Eastern Asia, comprising 56% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at +18.7%. In the other countries, the average annual rates were as follows: Vietnam (-3.2% per year) and Thailand (+19.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 55% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 82%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Preserved Turkey Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of prepared or preserved meat or offal of turkeys decreased by -26.3% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved turkey imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) represented the key importer of prepared or preserved meat or offal of turkeys, comprising 58% of total imports. Thailand (X tons) took the second position in the ranking, distantly followed by Cambodia (X tons). All these countries together held near 35% share of total imports. Vietnam (X tons) and Lao People's Democratic Republic (X tons) took a little share of total imports.

Imports into Singapore decreased at an average annual rate of -8.3% from 2012 to 2021. At the same time, Thailand (+57.8%), Cambodia (+42.9%), Vietnam (+17.8%) and Lao People's Democratic Republic (+17.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +57.8% from 2012-2021. Thailand (+26 p.p.), Cambodia (+8.5 p.p.) and Vietnam (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -37.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +69.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 63% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved turkey import price increased by +71.3% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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