Report Update Apr 1, 2024

Northern America - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Northern America

The North American frozen whole turkey market skyrocketed to $X in 2022, picking up by 63% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Whole Turkey Production in Northern America

In value terms, frozen whole turkey production totaled $X in 2022 estimated in export price. In general, production showed mild growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 6.3%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The United States (X tons) remains the largest frozen whole turkey producing country in Northern America, comprising approx. 83% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fivefold.

In the United States, frozen whole turkey production remained relatively stable over the period from 2012-2022.

Frozen Whole Turkey Exports

Exports in Northern America

Frozen whole turkey exports shrank significantly to X tons in 2022, waning by -28.8% on the year before. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen whole turkey exports contracted dramatically to $X in 2022. Overall, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of frozen whole turkeys, committing 70% of total exports. It was distantly followed by Canada (X tons), achieving a 30% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen whole turkey exports from the United States stood at -7.8%. At the same time, Canada (+8.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +8.3% from 2012-2022. From 2012 to 2022, the share of Canada increased by +22 percentage points.

In value terms, the United States ($X) remains the largest frozen whole turkey supplier in Northern America, comprising 71% of total exports. The second position in the ranking was held by Canada ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at -5.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 when the export price increased by 14% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.9%).

Frozen Whole Turkey Imports

Imports in Northern America

In 2022, supplies from abroad of frozen whole turkeys increased by 122% to X tons, rising for the fourth year in a row after two years of decline. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 263% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, frozen whole turkey imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 239% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near 97% of total imports in 2022. Bermuda (X tons) held a minor share of total imports.

The United States was also the fastest-growing in terms of the frozen whole turkeys imports, with a CAGR of +66.4% from 2012 to 2022. Bermuda experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +80 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported frozen whole turkeys in Northern America, comprising 96% of total imports. The second position in the ranking was held by Bermuda ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +59.0%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 29%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bermuda ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (+5.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in Northern America?

The United States remains the largest frozen whole turkey consuming country in Northern America, accounting for 93% of total volume. Moreover, frozen whole turkey consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, more than tenfold.

What are the largest producers of frozen whole turkeys in Northern America?

The United States remains the largest frozen whole turkey producing country in Northern America, comprising approx. 83% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, Canada, fivefold.

What are the leading exporters of frozen whole turkeys in Northern America?

In value terms, the United States remains the largest frozen whole turkey supplier in Northern America, comprising 71% of total exports. The second position in the ranking was held by Canada, with a 29% share of total exports.

What are the leading importers of frozen whole turkeys in Northern America?

In value terms, the United States constitutes the largest market for imported frozen whole turkeys in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Bermuda, with a 4.1% share of total imports.

What is the average export price for frozen whole turkeys in Northern America?

The export price in Northern America stood at $2,973 per ton in 2022, growing by 10% against the previous year.

What is the average import price for frozen whole turkeys in Northern America?

In 2022, the import price in Northern America amounted to $3,365 per ton, increasing by 14% against the previous year.

This report provides an in-depth analysis of the frozen whole turkey market in Northern America. 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 10122015 - Frozen whole turkeys

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Producing Animals, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Producing Animals, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Producing Animals, By Country, 2023
25. Producing Animals, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023