Benelux: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Benelux

The Benelux market for fresh or chilled cuts of turkey rose sharply to $X in 2022, increasing by 7.7% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Fresh Or Chilled Cuts Of Turkey in Benelux

In value terms, fresh or chilled turkey cut production rose modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 76% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in years to come.

The country with the largest volume of fresh or chilled turkey cut production was the Netherlands (X tons), comprising approx. 95% of total volume. Moreover, fresh or chilled turkey cut production in the Netherlands exceeded the figures recorded by the second-largest producer, Belgium (X tons), more than tenfold.

In the Netherlands, fresh or chilled turkey cut production expanded at an average annual rate of +14.4% over the period from 2012-2022.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Benelux

After five years of growth, shipments abroad of fresh or chilled cuts of turkey decreased by -20.6% to X tons in 2022. Over the period under review, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports fell to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

The Netherlands was the largest exporting country with an export of about X tons, which reached 73% of total exports. It was distantly followed by Belgium (X tons), making up a 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut exports from the Netherlands stood at -4.9%. At the same time, Belgium (+5.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +5.5% from 2012-2022. While the share of Belgium (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-15 p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled turkey cut supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, Belgium, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, growing by 24% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2014 when the export price increased by 34%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.5%).

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Benelux

For the third year in a row, Benelux recorded decline in purchases abroad of fresh or chilled cuts of turkey, which decreased by -3% to X tons in 2022. In general, imports showed a slight decrease. The growth pace was the most rapid in 2014 when imports increased by 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled turkey cut imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 11%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Belgium represented the main importer of fresh or chilled cuts of turkey in Benelux, with the volume of imports amounting to X tons, which was near 71% of total imports in 2022. It was distantly followed by the Netherlands (X tons), creating a 27% share of total imports. Luxembourg (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut imports into Belgium stood at -1.7%. Luxembourg and the Netherlands experienced a relatively flat trend pattern. The Netherlands (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -2.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in Benelux, comprising 71% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total imports.

In Belgium, fresh or chilled turkey cut imports expanded at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+2.8% per year) and Luxembourg (+1.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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