Southern Asia: Frozen Turkey Cut Market 2021

Frozen Turkey Cut Market Size in Southern Asia

In 2019, after three years of growth, there was significant decline in the South Asian frozen turkey cut market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Frozen Turkey Cut Production in Southern Asia

In value terms, frozen turkey cut production fell to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a lower figure.

India (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 India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), more than tenfold.

In India, frozen turkey cut production expanded at an average annual rate of +X% over the period from 2007-2019.

Production By Country in Southern Asia

The country with the largest volume of frozen turkey cut production was India (X tons), comprising approx. X% of total volume. Moreover, frozen turkey cut production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), more than tenfold.

In India, frozen turkey cut production increased at an average annual rate of +X% over the period from 2007-2019.

Frozen Turkey Cut Exports

Exports in Southern Asia

In 2019, the amount of frozen cuts of turkey exported in Southern Asia soared to X tons, increasing by X% on 2018 figures. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The volume of export peaked in 2019 and is likely to see steady growth in the immediate term.

In value terms, frozen turkey cut exports surged to $X in 2019. In general, exports showed prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The level of export peaked in 2019 and is likely to see gradual growth in years to come.

Exports by Country

India prevails in frozen turkey cut exports structure, accounting for X tons, which was approx. X% of total exports in 2019. It was distantly followed by Pakistan (X tons), mixing up a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to frozen turkey cut exports from India stood at +X%. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2019. By contrast, Pakistan (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, India ($X) remains the largest frozen turkey cut supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports.

In India, frozen turkey cut exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Pakistan (-X% per year).

Export Prices by Country

In 2019, the frozen turkey cut export price in Southern Asia amounted to $X per ton, reducing by -X% against the previous year. Export price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2009 to 2019, the growth in terms of the export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the export price figures.

Frozen Turkey Cut Imports

Imports in Southern Asia

In 2019, purchases abroad of frozen cuts of turkey decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, frozen turkey cut imports contracted remarkably to $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Bhutan represented the major importer of frozen cuts of turkey in Southern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2019. Bangladesh (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Afghanistan (X%), Pakistan (X%), Maldives (X%) and Sri Lanka (X%).

Bhutan was also the fastest-growing in terms of the frozen cuts of turkey imports, with a CAGR of +X% from 2007 to 2019. At the same time, Maldives (+X%) and Bangladesh (+X%) displayed positive paces of growth. By contrast, Pakistan (-X%), Afghanistan (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. While the share of Bhutan (+X p.p.), Bangladesh (+X p.p.) and Maldives (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Pakistan (-X p.p.), Sri Lanka (-X p.p.) and Afghanistan (-X p.p.) displayed negative dynamics.

In value terms, the largest frozen turkey cut importing markets in Southern Asia were Bhutan ($X), Afghanistan ($X) and Bangladesh ($X), with a combined X% share of total imports.

Bhutan recorded the highest growth rate of 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

The frozen turkey cut import price in Southern Asia stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Afghanistan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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