MENA: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in MENA

After ten years of growth, the MENA's market for fresh or chilled cuts of turkey decreased by -0.8% to $X in 2022. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.2% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2021, and then contracted slightly in the following year.

Production of Fresh Or Chilled Cuts Of Turkey in MENA

In value terms, fresh or chilled turkey cut production contracted slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +80.1% against 2012 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then shrank slightly in the following year.

The countries with the highest volumes of production in 2022 were Egypt (X tons), Saudi Arabia (X tons) and Iran (X tons), together comprising 60% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +10.1%), while production for the other leaders experienced more modest paces of growth.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in MENA

In 2022, overseas shipments of fresh or chilled cuts of turkey decreased by -71% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 44%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled turkey cut exports plummeted to $X in 2022. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2014 when exports increased by 42%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Tunisia (X tons) represented the major exporter of fresh or chilled cuts of turkey, mixing up 44% of total exports. Israel (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (16%) and Palestine (16%). Egypt (X tons) took a little share of total exports.

Exports from Tunisia decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, Palestine (+32.3%) and Egypt (+20.1%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in MENA, with a CAGR of +32.3% from 2012-2022. By contrast, Kuwait (-11.7%) and Israel (-14.1%) illustrated a downward trend over the same period. Tunisia (+39 p.p.), Palestine (+16 p.p.), Kuwait (+11 p.p.), Israel (+9.8 p.p.) and Egypt (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled turkey cut supplying countries in MENA were Tunisia ($X), Israel ($X) and Palestine ($X), together comprising 69% of total exports.

In terms of the main exporting countries, Palestine, with a CAGR of +32.4%, saw the highest growth rate of the value of exports, 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 MENA amounted to $X per ton, falling by -17.7% against the previous year. In general, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 63% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in MENA

In 2022, purchases abroad of fresh or chilled cuts of turkey decreased by -1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 35%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports totaled $X in 2022. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Bahrain (X tons) and Palestine (X tons) prevails in imports structure, together generating 84% of total imports. It was distantly followed by Libya (X tons), generating a 6.7% share of total imports. Kuwait (X tons) and the United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled turkey cut importing markets in MENA were Palestine ($X), Bahrain ($X) and Kuwait ($X), with a combined 88% share of total imports. Libya and the United Arab Emirates lagged somewhat behind, together comprising a further 7.2%.

Libya, with a CAGR of +49.6%, saw the highest growth rate of the value of imports, among 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 MENA amounted to $X per ton, growing by 2% against the previous year. In general, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 an increase of 24%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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