Southern Asia: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Southern Asia

The South Asian market for fresh or chilled cuts of turkey totaled $X in 2022, leveling off at the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Cuts Of Turkey in Southern Asia

In value terms, fresh or chilled turkey cut production totaled $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were India (X tons), Pakistan (X tons) and Nepal (X tons), with a combined 99.9% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Nepal (with a CAGR of +4.0%), while production for the other leaders experienced more modest paces of growth.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Southern Asia

In 2022, shipments abroad of fresh or chilled cuts of turkey increased by 78% to X tons for the first time since 2013, thus ending a eight-year declining trend. Overall, exports, however, saw a significant decline. The growth pace was the most rapid in 2013 when exports increased by 428% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled turkey cut exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 241%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of fresh or chilled cuts of turkey, namely Pakistan, represented more than two-thirds of total export.

Pakistan was also the fastest-growing in terms of the fresh or chilled cuts of turkey exports, with a CAGR of -24.6% from 2012 to 2022. From 2012 to 2022, the share of Pakistan increased by +7.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest fresh or chilled turkey cut supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan totaled -25.9%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by -31% against the previous year. In general, the export price showed a slight decrease. The growth pace was the most rapid in 2021 when the export price increased by 53%. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to -1.7% per year.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Southern Asia

In 2022, supplies from abroad of fresh or chilled cuts of turkey increased by 18% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 123% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports rose remarkably to $X in 2022. In general, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 75% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Afghanistan represented the main importing country with an import of about X tons, which recorded 45% of total imports. It was distantly followed by India (X tons), Maldives (X tons) and Pakistan (X tons), together comprising a 53% share of total imports. Bangladesh (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +7.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest fresh or chilled turkey cut importing markets in Southern Asia were Maldives ($X), Afghanistan ($X) and Pakistan ($X), together accounting for 90% of total imports.

Pakistan, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, waning by -10.1% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when the import price increased by 52%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Maldives ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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