Spain: Turkey Meat Market 2024

Turkey Meat Market Size in Spain

After two years of decline, the Spanish turkey meat market increased by 1.7% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Turkey meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Turkey Meat Production in Spain

In value terms, turkey meat production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Turkey meat production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of turkey meat in Spain contracted to X kg per head in 2022, therefore, remained relatively stable against 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.5% against the previous year. Over the period under review, the average turkey meat yield reached the peak level 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 Spain amounted to X heads, approximately reflecting 2021. This number increased at an average annual rate of +3.6% 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 2016 with an increase of 11%. The number of animals slaughtered for turkey meat production peaked at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports from Spain

In 2022, the amount of turkey meat exported from Spain declined sharply to X tons, waning by -16.4% on 2021 figures. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, turkey meat exports expanded significantly to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +32.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of turkey meat exports from Spain, with a combined 53% share of total exports. Benin, Germany, Denmark, Democratic Republic of the Congo, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +74.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turkey meat exported from Spain were Portugal ($X), France ($X) and Italy ($X), with a combined 66% share of total exports. Germany, Benin, Belgium, Denmark, the Netherlands, Democratic Republic of the Congo and Poland lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Germany, with a CAGR of +78.4%, recorded the highest growth rate of 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

In 2022, the average turkey meat export price amounted to $X per ton, increasing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Denmark ($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 Belgium (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Spain

In 2022, supplies from abroad of turkey meat decreased by -9.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.7% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, turkey meat imports surged to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 2019 when imports increased by 35%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest turkey meat supplier to Spain, accounting for a 62% share of total imports. Moreover, turkey meat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.6% per year) and France (-11.5% per year).

In value terms, Poland ($X) constituted the largest supplier of turkey meat to Spain, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and the Netherlands (+4.8% per year).

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, growing by 37% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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