Greece: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Greece

The Greek market for fresh or chilled cuts of turkey shrank to $X in 2022, falling by -8.3% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in Greece

In value terms, fresh or chilled turkey cut production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports from Greece

In 2022, overseas shipments of fresh or chilled cuts of turkey decreased by -7.2% to X tons, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 118% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut exports dropped to $X in 2022. In general, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 129%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for fresh or chilled turkey cut exports from Greece, accounting for a 66% share of total exports. Moreover, fresh or chilled turkey cut exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-26.2% per year) and Italy (+76.6% per year).

In value terms, Cyprus ($X) remains the key foreign market for fresh or chilled cuts of turkey exports from Greece, comprising 79% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Bulgaria, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+77.9% per year) and Bulgaria (-25.2% per year).

Export Prices by Country

The average export price for fresh or chilled cuts of turkey stood at $X per ton in 2022, growing by 1.9% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 369%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into Greece

In 2022, approx. X tons of fresh or chilled cuts of turkey were imported into Greece; waning by -16.8% compared with the previous year's figure. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Poland (X tons) and Bulgaria (X tons) were the main suppliers of fresh or chilled turkey cut imports to Greece, with a combined 54% share of total imports. Spain, Austria, the Netherlands, France, Denmark and Germany lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +63.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Austria ($X) were the largest fresh or chilled turkey cut suppliers to Greece, with a combined 59% share of total imports.

Austria, with a CAGR of +68.8%, recorded 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

The average import price for fresh or chilled cuts of turkey stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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