Australia and Oceania: Turkey Meat Market 2024

Turkey Meat Market Size in Australia and Oceania

The turkey meat market in Australia and Oceania was estimated at $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Turkey Meat Production in Australia and Oceania

In value terms, turkey meat production fell modestly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of turkey meat production was Australia (X tons), comprising approx. X% of total volume. Moreover, turkey meat production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at X%.

In 2022, the average turkey meat yield in Australia and Oceania was estimated at X kg per head, flattening at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head; afterwards, it flattened through to 2022.

In 2022, approx. X heads of animals slaughtered for turkey meat production in Australia and Oceania; leveling off at the year before. Overall, the number of producing animals, however, saw a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports in Australia and Oceania

Turkey meat exports dropped rapidly to X tons in 2022, waning by X% on 2021. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports dropped remarkably to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia represented the major exporter of turkey meat in Australia and Oceania, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports. Fiji (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) and Fiji (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 2012-2022. New Zealand (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest turkey meat supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), with a combined X% share of total exports.

Fiji, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted resilient growth. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Turkey Meat Imports

Imports in Australia and Oceania

In 2022, approx. X tons of turkey meat were imported in Australia and Oceania; with an increase of X% against the previous year. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, turkey meat imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Samoa (X tons) represented the major importer of turkey meat, committing X% of total imports. It was distantly followed by New Zealand (X tons), Micronesia (X tons), Tonga (X tons) and French Polynesia (X tons), together constituting a X% share of total imports. Marshall Islands (X tons), Papua New Guinea (X tons) and Vanuatu (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to turkey meat imports into Samoa stood at X%. At the same time, New Zealand (X%) and Vanuatu (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%), Tonga (X%), Marshall Islands (X%), Papua New Guinea (X%) and Micronesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Samoa, New Zealand and Vanuatu increased by X, X and X percentage points, respectively.

In value terms, the largest turkey meat importing markets in Australia and Oceania were Samoa ($X), French Polynesia ($X) and New Zealand ($X), together comprising X% of total imports.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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