Australia and Oceania: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Australia and Oceania

The frozen turkey cut market in Australia and Oceania shrank slightly to $X in 2019, stabilizing at the previous year. The total consumption indicated a moderate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Frozen Turkey Cut Production in Australia and Oceania

In value terms, frozen turkey cut production contracted modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2019, production growth remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of frozen turkey cut production, accounting for X% of total volume. Moreover, frozen turkey cut production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Australia was relatively modest.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest frozen turkey cut producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, frozen turkey cut production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), sixfold.

In Australia, frozen turkey cut production remained relatively stable over the period from 2007-2019.

Frozen Turkey Cut Exports

Exports in Australia and Oceania

Frozen turkey cut exports shrank markedly to X tons in 2019, falling by -X% against the previous year. Overall, exports saw a significant decline. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, frozen turkey cut exports reduced sharply to $X in 2019. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

Australia represented the main exporter of frozen cuts of turkey in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2019. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

Exports from Australia decreased at an average annual rate of -X% from 2007 to 2019. At the same time, New Zealand (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2007-2019. While the share of New Zealand (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Australia (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest frozen turkey cut supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

In Australia, frozen turkey cut exports declined by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

The frozen turkey cut export price in Australia and Oceania stood at $X per ton in 2019, reducing by -X% against the previous year. Overall, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia.

Frozen Turkey Cut Imports

Imports in Australia and Oceania

Frozen turkey cut imports expanded slightly to X tons in 2019, surging by X% compared with the previous year. In general, imports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, frozen turkey cut imports rose remarkably to $X in 2019. Over the period under review, imports, however, showed a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

Micronesia (X tons), French Polynesia (X tons), Marshall Islands (X tons), Tonga (X tons), New Zealand (X tons) and Solomon Islands (X tons) represented roughly X% of total imports of frozen cuts of turkey in 2019. Fiji (X tons) and Papua New Guinea (X tons) took a minor share of total imports.

From 2007 to 2019, the biggest increases were in Solomon Islands (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen turkey cut importing markets in Australia and Oceania were French Polynesia ($X), Micronesia ($X) and Marshall Islands ($X), with a combined X% share of total imports. These countries were followed by New Zealand, Solomon Islands, Tonga, Papua New Guinea and Fiji, which together accounted for a further X the main importing countries, Solomon Islands (+X% per year) saw the highest rates of growth with regard to 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 2019, the frozen turkey cut import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, import prices hit record highs in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was French Polynesia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :