Report Update Apr 1, 2024

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

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Portugal: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Portugal

The Portuguese frozen whole turkey market amounted to $X in 2022, growing by 13% against the previous year. Over the period under review, consumption, however, saw a significant expansion. Frozen whole turkey consumption peaked in 2022 and is expected to retain growth in the near future.

Frozen Whole Turkey Production in Portugal

In value terms, frozen whole turkey production declined markedly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Frozen Whole Turkey Exports

Exports from Portugal

Frozen whole turkey exports from Portugal shrank sharply to X tons in 2022, with a decrease of -24.2% compared with the previous year. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 174%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, frozen whole turkey exports soared to $X in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons), Cabo Verde (X tons) and Guinea-Bissau (X tons) were the main destinations of frozen whole turkey exports from Portugal, with a combined 92% share of total exports. Switzerland and Mozambique lagged somewhat behind, together accounting for a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen whole turkey exported from Portugal were Angola ($X), Cabo Verde ($X) and Guinea-Bissau ($X), together accounting for 92% of total exports. Switzerland and Mozambique lagged somewhat behind, together comprising a further 6.3%.

Mozambique, with a CAGR of +43.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen whole turkey export price amounted to $X per ton, growing by 100% against the previous year. Overall, the export price enjoyed tangible growth. 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 destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Guinea-Bissau ($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 Switzerland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Turkey Imports

Imports into Portugal

In 2022, imports of frozen whole turkeys into Portugal dropped modestly to X tons, waning by -3.7% against the previous year's figure. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 226% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen whole turkey imports surged to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 221%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of frozen whole turkey to Portugal, accounting for a 84% share of total imports. Moreover, frozen whole turkey imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +48.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.1% per year) and Italy (-12.7% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen whole turkeys to Portugal, comprising 76% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.1% per year) and Italy (+6.0% per year).

Import Prices by Country

The average frozen whole turkey import price stood at $X per ton in 2022, rising by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in the world?

The countries with the highest volumes of consumption in 2022 were the United States, India and Brazil, with a combined 51% share of global consumption. Mexico, Australia, Turkey, Germany, Chile, Canada, Argentina, Panama and Finland lagged somewhat behind, together comprising a further 24%.

What are the largest producers of frozen whole turkeys in the world?

The United States remains the largest frozen whole turkey producing country worldwide, accounting for 38% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Brazil, with an 8% share.

What are the leading suppliers of frozen whole turkeys to Portugal?

In value terms, Spain constituted the largest supplier of frozen whole turkeys to Portugal, comprising 76% of total imports. The second position in the ranking was held by France, with a 12% share of total imports.

What are the leading importers of frozen whole turkeys from Portugal?

In value terms, the largest markets for frozen whole turkey exported from Portugal were Angola, Cabo Verde and Guinea-Bissau, with a combined 92% share of total exports. Switzerland and Mozambique lagged somewhat behind, together comprising a further 6.3%.

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

The average frozen whole turkey export price stood at $4,577 per ton in 2022, jumping by 100% against the previous year.

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

In 2022, the average frozen whole turkey import price amounted to $3,051 per ton, increasing by 22% against the previous year.

This report provides an in-depth analysis of the frozen whole turkey market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023