Eastern Europe: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Eastern Europe

In 2019, the East European frozen turkey cut market increased by X% to $X for the first time since 2016, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.

Frozen Turkey Cut Production in Eastern Europe

In value terms, frozen turkey cut production amounted to $X in 2019 estimated in export prices. The total production indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

The countries with the highest volumes of frozen turkey cut production in 2019 were Russia (X tons), Poland (X tons) and Hungary (X tons), together accounting for X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of frozen turkey cut production, amongst the key producing countries, was attained by Poland, while frozen turkey cut production for the other leaders experienced more modest paces of growth.

Production By Country in Eastern Europe

The countries with the highest volumes of frozen turkey cut production in 2019 were Russia (X tons), Poland (X tons) and Hungary (X tons), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Poland, while frozen turkey cut production for the other leaders experienced more modest paces of growth.

Frozen Turkey Cut Exports

Exports in Eastern Europe

In 2019, frozen turkey cut exports in Eastern Europe surged to X tons, picking up by X% against the previous year. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked in 2019 and is likely to see gradual growth in the near future.

In value terms, frozen turkey cut exports soared to $X in 2019. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the near future.

Exports by Country

In 2019, Poland (X tons) represented the main exporter of frozen cuts of turkey, mixing up X% of total exports. It was distantly followed by Hungary (X tons), achieving an X% share of total exports. Russia (X tons) and Romania (X tons) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to frozen turkey cut exports from Poland stood at +X%. At the same time, Russia (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2019. Hungary experienced a relatively flat trend pattern. While the share of Poland (+X p.p.), Russia (+X p.p.) and Romania (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Hungary (-X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest frozen turkey cut supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

In Poland, frozen turkey cut exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Hungary (-X% per year) and Romania (+X% per year).

Export Prices by Country

The frozen turkey cut export price in Eastern Europe stood at $X per ton in 2019, rising by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the other leaders experienced mixed trends in the export price figures.

Frozen Turkey Cut Imports

Imports in Eastern Europe

In 2019, the amount of frozen cuts of turkey imported in Eastern Europe amounted to X tons, with an increase of X% on the previous year's figure. Overall, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The volume of import peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen turkey cut imports skyrocketed to $X in 2019. In general, imports, however, saw a drastic downturn. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of frozen cuts of turkey, namely Romania, Ukraine and Poland, represented more than half of total import. Bulgaria (X tons) took the next position in the ranking, followed by Hungary (X tons), Russia (X tons) and Moldova (X tons). All these countries together took near X% share of total imports.

From 2007 to 2019, the biggest increases were in Moldova, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constitutes the largest market for imported frozen cuts of turkey in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

In Romania, frozen turkey cut imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Hungary (-X% per year).

Import Prices by Country

The frozen turkey cut import price in Eastern Europe stood at $X per ton in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Romania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :