Northern America: Preserved Turkey Market 2024

Preserved Turkey Market Size in Northern America

The North American preserved turkey market expanded to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Preserved Turkey Production in Northern America

In value terms, preserved turkey production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Preserved Turkey Exports

Exports in Northern America

Preserved turkey exports dropped modestly to X tons in 2023, approximately reflecting 2022 figures. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, preserved turkey exports rose markedly to $X in 2023. Total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X tons), generating an X% share of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

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

In the United States, preserved turkey exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved turkey export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Preserved Turkey Imports

Imports in Northern America

In 2023, the amount of prepared or preserved meat or offal of turkeys imported in Northern America reduced to X tons, with a decrease of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, preserved turkey imports stood at $X in 2023. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X tons) was the main importer of prepared or preserved meat or offal of turkeys, achieving X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports. Bermuda (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United States ($X) constitutes the largest market for imported prepared or preserved meat or offal of turkeys in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Bermuda (X% per year).

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bermuda ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform