Europe: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Europe

For the third year in a row, the Europe market for fresh or chilled cuts of turkey recorded growth in sales value, which increased by 6.6% to $X in 2022. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Fresh Or Chilled Cuts Of Turkey in Europe

In value terms, fresh or chilled turkey cut production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2022 were Germany (X tons), Poland (X tons) and Russia (X tons), together comprising 58% of total production. Italy, Spain, France and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the Netherlands (with a CAGR of +14.4%), while production for the other leaders experienced more modest paces of growth.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Europe

In 2022, exports of fresh or chilled cuts of turkey in Europe declined to X tons, falling by -9.5% on the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 8.6%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Poland (X tons) represented the major exporter of fresh or chilled cuts of turkey, mixing up 40% of total exports. It was distantly followed by Germany (X tons), Italy (X tons), France (X tons), Hungary (X tons) and Spain (X tons), together making up a 50% share of total exports. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +4.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled turkey cut supplying countries in Europe were Poland ($X), Germany ($X) and Italy ($X), together accounting for 73% of total exports. Hungary, Spain, France and Austria lagged somewhat behind, together accounting for a further 21%.

Spain, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while France ($X per ton) was amongst the lowest.

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

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Europe

For the third year in a row, Europe recorded decline in overseas purchases of fresh or chilled cuts of turkey, which decreased by -3% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 8.4%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), Austria (X tons), France (X tons), the UK (X tons), the Czech Republic (X tons), Poland (X tons), Portugal (X tons) and Spain (X tons) were the main importers of fresh or chilled cuts of turkey, together mixing up 74% of total imports. Italy (X tons), the Netherlands (X tons), Ireland (X tons) and Romania (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of fresh or chilled cuts of turkey. At the same time, the Czech Republic (+8.0%), Italy (+6.6%), Poland (+6.4%), Portugal (+5.9%), Spain (+5.2%), France (+3.0%) and the UK (+1.8%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of +8.0% from 2012-2022. Ireland, Romania and the Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-1.7%) and Austria (-4.8%) illustrated a downward trend over the same period. While the share of the Czech Republic (+2.9 p.p.), Poland (+2.2 p.p.), Portugal (+1.9 p.p.), Italy (+1.6 p.p.) and Spain (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-2.5 p.p.), Germany (-3.4 p.p.) and Austria (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in Europe, comprising 21% of total imports. The second position in the ranking was held by Austria ($X), with a 10% share of total imports. It was followed by Belgium, with an 8.9% share.

In Germany, fresh or chilled turkey cut imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Austria (-3.8% per year) and Belgium (+1.9% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by 20% against the previous year. Over the period under review, the import price continues to indicate a slight increase. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Austria ($X per ton), while Poland ($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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