South-Eastern Asia: Turkey Meat Market 2024

Turkey Meat Market Size in South-Eastern Asia

The Southeast Asian turkey meat market shrank remarkably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Turkey Meat Production in South-Eastern Asia

In value terms, turkey meat production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The Philippines (X tons) constituted the country with the largest volume of turkey meat production, accounting for X% of total volume. Moreover, turkey meat production in the Philippines exceeded the figures recorded by the second-largest producer, Thailand (X tons), tenfold.

In the Philippines, turkey meat production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

The average turkey meat yield contracted to X kg per head in 2022, reducing by X% on the previous year. In general, the yield recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for turkey meat production stood at X heads in 2022, stabilizing at the previous year. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X%. Over the period under review, this number attained the maximum level at X heads in 2018; however, from 2019 to 2022, producing animals remained at a lower figure.

Turkey Meat Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of turkey meat decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, turkey meat exports declined remarkably to $X in 2022. In general, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Singapore (X tons), comprising a X% share of total exports. Thailand (X tons) took a minor share of total exports.

Malaysia was also the fastest-growing in terms of the turkey meat exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Turkey Meat Imports

Imports in South-Eastern Asia

Turkey meat imports declined rapidly to X tons in 2022, shrinking by X% on the previous year. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, turkey meat imports shrank sharply to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

Cambodia (X tons) and Vietnam (X tons) dominates imports structure, together committing X% of total imports. The Philippines (X tons) ranks next in terms of the total imports with a X% share, followed by Singapore (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Cambodia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat import price increased by X% against 2019 indices. As a result, import 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 importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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