United Arab Emirates: Preserved Turkey Market 2024

Preserved Turkey Market Size in the United Arab Emirates

The preserved turkey market in the United Arab Emirates surged to $X in 2021, increasing by 57% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Preserved Turkey Production in the United Arab Emirates

In value terms, preserved turkey production contracted modestly to $X in 2021 estimated in export price. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 96%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Turkey Exports

Exports from the United Arab Emirates

In 2021, preserved turkey exports from the United Arab Emirates reduced notably to X tons, declining by -79.2% against the previous year. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 270%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved turkey exports fell dramatically to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 262%. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for preserved turkey exports from the United Arab Emirates, with a 65% share of total exports. Moreover, preserved turkey exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+164.9% per year) and Jordan (+167.7% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 29% share of total exports. It was followed by Oman, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+160.1% per year) and Oman (-6.9% per year).

Export Prices by Country

In 2021, the average preserved turkey export price amounted to $X per ton, picking up by 16% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved turkey export price increased by +63.9% against 2017 indices. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Jordan ($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 Oman (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of prepared or preserved meat or offal of turkeys increased by 25% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 177%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, preserved turkey imports soared to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of preserved turkey imports to the United Arab Emirates, with a combined 38% share of total imports. These countries were followed by Turkey, the Netherlands, Jordan, Kuwait, France, Lebanon and the United States, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +192.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Saudi Arabia ($X) and the Netherlands ($X) constituted the largest preserved turkey suppliers to the United Arab Emirates, with a combined 36% share of total imports. These countries were followed by Italy, France, Jordan, Turkey, Kuwait, Lebanon and the United States, which together accounted for a further 20%.

In terms of the main suppliers, France, with a CAGR of +210.5%, recorded 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

In 2021, the average preserved turkey import price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% 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 +118.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady 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 Belgium ($X per ton), while the price for Kuwait ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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