Report Update Nov 1, 2024

Vietnam - Prepared or Preserved Meat or Offal of Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Preserved Turkey Market 2024

Preserved Turkey Market Size in Vietnam

In 2021, after two years of decline, there was growth in the Vietnamese preserved turkey market, when its value increased by 1.8% to $X. Over the period under review, consumption, however, showed a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Turkey Production in Vietnam

In value terms, preserved turkey production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Preserved Turkey Exports

Exports from Vietnam

In 2021, approx. X tons of prepared or preserved meat or offal of turkeys were exported from Vietnam; picking up by 210% against the previous year's figure. In general, exports, however, continue to indicate a pronounced slump. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved turkey exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for preserved turkey exports from Vietnam, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -4.9%.

In value terms, the United States ($X) also remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -3.5%.

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.5% per year.

Preserved Turkey Imports

Imports into Vietnam

In 2021, preserved turkey imports into Vietnam surged to X tons, increasing by 98% on the previous year. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by 141%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved turkey imports soared to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 159%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of preserved turkey imports to Vietnam, together accounting for 91% of total imports. Spain, France, the United States and Singapore lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +59.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), South Korea ($X) and Belgium ($X) were the largest preserved turkey suppliers to Vietnam, with a combined 85% share of total imports.

South Korea, with a CAGR of +43.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, reducing by -36.2% against the previous year. Overall, the import price, however, posted mild growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 70%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared or preserved meat or offal of turkeys in the world?

China remains the largest preserved turkey consuming country worldwide, accounting for 21% of total volume. Moreover, preserved turkey consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of prepared or preserved meat or offal of turkeys in the world?

The country with the largest volume of preserved turkey production was China, accounting for 21% of total volume. Moreover, preserved turkey production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of prepared or preserved meat or offal of turkeys to Vietnam?

In value terms, Hong Kong SAR constituted the largest supplier of preserved turkey to Vietnam, comprising 48% of total imports. The second position in the ranking was occupied by Belgium, with a 23% share of total imports. It was followed by South Korea, with an 11% share.

What are the leading importers of prepared or preserved meat or offal of turkeys from Vietnam?

In value terms, the United States remains the key foreign market for preserved turkey exports from Vietnam.

What is the average export price for prepared or preserved meat or offal of turkeys in Vietnam?

The average preserved turkey export price stood at $4,798 per ton in 2021, shrinking by -3.7% against the previous year.

What is the average import price for prepared or preserved meat or offal of turkeys in Vietnam?

The average preserved turkey import price stood at $3,934 per ton in 2021, waning by -20.5% against the previous year.

This report provides an in-depth analysis of the preserved turkey market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023