Thailand: Frozen Turkey Cut Market 2025

Frozen Turkey Cut Market Size in Thailand

The Thai frozen turkey cut market shrank slightly to $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -4.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Frozen Turkey Cut Production in Thailand

In value terms, frozen turkey cut production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Frozen Turkey Cut Exports

Exports from Thailand

In 2022, the amount of frozen cuts of turkey exported from Thailand surged to X kg, with an increase of 7,125% on 2021. Overall, exports, however, recorded a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 28,275% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen turkey cut exports soared to $X in 2022. In general, exports, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 14,693% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for frozen turkey cut exports from Thailand, accounting for a 93% share of total exports. Moreover, frozen turkey cut exports to Hong Kong SAR exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +107.3%.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at +120.0%.

Export Prices by Country

The average frozen turkey cut export price stood at $X per ton in 2022, falling by -84% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,155%. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports into Thailand

For the fourth year in a row, Thailand recorded decline in purchases abroad of frozen cuts of turkey, which decreased by 0% to X tons in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 20,094% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen turkey cut imports stood at $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 14,753% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) was the main frozen turkey cut supplier to Thailand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to -12.1%.

In value terms, Australia ($X) constituted the largest supplier of frozen cuts of turkey to Thailand.

From 2012 to 2022, the average annual growth rate of value from Australia totaled -2.9%.

Import Prices by Country

In 2022, the average frozen turkey cut import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 93%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +10.5% per year.

Source: IndexBox Platform

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