Thailand: Preserved Turkey Market 2025

Preserved Turkey Market Size in Thailand

The Thai preserved turkey market soared to $X in 2021, growing by 17% against the previous year. Overall, consumption, however, showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Preserved Turkey Production in Thailand

In value terms, preserved turkey production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of 33% against the previous year. Preserved turkey production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Turkey Exports

Exports from Thailand

In 2021, exports of prepared or preserved meat or offal of turkeys from Thailand fell dramatically to X tons, waning by -83.4% compared with 2020. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of 713%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved turkey exports reduced markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 829%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for preserved turkey exports from Thailand, accounting for a 82% share of total exports. Moreover, preserved turkey exports to Cambodia exceeded the volume sent to the second major destination, Myanmar (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Cambodia amounted to -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+15.1% per year) and Hong Kong SAR (+354.2% per year).

In value terms, Cambodia ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Thailand, comprising 64% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cambodia stood at -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+472.0% per year) and Myanmar (-3.8% per year).

Export Prices by Country

In 2021, the average preserved turkey export price amounted to $X per ton, shrinking by -9.2% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+26.7%), while the prices for the other major destinations experienced a decline.

Preserved Turkey Imports

Imports into Thailand

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of 355% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved turkey imports surged to $X in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 463% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Australia (X tons) and France (X tons) were the main suppliers of preserved turkey imports to Thailand, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +266.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved turkey suppliers to Thailand were France ($X), the United States ($X) and Australia ($X), together comprising 95% of total imports.

In terms of the main suppliers, Australia, with a CAGR of +201.2%, recorded the highest growth rate of 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 average preserved turkey import price stood at $X per ton in 2021, jumping by 70% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached 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 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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