Saudi Arabia - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in Saudi Arabia - 2021
Contents:
- Turkey Meat Price in Saudi Arabia (CIF) - 2022
- Turkey Meat Price in Saudi Arabia (FOB) - 2022
- Turkey Meat Imports in Saudi Arabia
- Turkey Meat Exports in Saudi Arabia
Turkey Meat Price in Saudi Arabia (CIF) - 2022
In 2022, the average turkey meat import price amounted to $4,813 per ton, increasing by 15% against the previous year. Over the period under review, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $5,477 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.1% per year.
Turkey Meat Price in Saudi Arabia (FOB) - 2022
In 2021, the average turkey meat export price amounted to $3,704 per ton, with a decrease of -2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. As a result, the export price reached the peak level of $4,895 per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($5,356 per ton), while the average price for exports to Yemen ($1,758 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Meat Imports in Saudi Arabia
Turkey meat imports into Saudi Arabia reduced modestly to 1.5K tons in 2022, with a decrease of -3.6% compared with the previous year. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 7.8%.
In value terms, turkey meat imports stood at $7.3M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. As a result, imports attained the peak of $8M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Turkey Meat in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.1 | 1.1 | N/A | 6.9 | 30.6% |
| Poland | N/A | 6.4 | 0.9 | N/A | -85.9% |
| Jordan | N/A | 0.3 | 3.1 | N/A | 933.3% |
| France | 1.0 | N/A | N/A | N/A | 0% |
| Russia | N/A | N/A | 1.8 | N/A | 0% |
| Brazil | 0.6 | N/A | 0.4 | N/A | -18.4% |
| Ukraine | 0.4 | N/A | 0.4 | N/A | 0.0% |
| Others | 0.2 | 0.2 | N/A | 0.4 | 26.0% |
| Total | 5.3 | 8.0 | 6.6 | 7.3 | 11.3% |
Top Suppliers of Turkey Meat to Saudi Arabia in 2022:
- Turkey (1423.5 tons)
Turkey Meat Exports in Saudi Arabia
Turkey meat exports from Saudi Arabia contracted modestly to 975 tons in 2022, declining by -3.1% on the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 6.6% against the previous year. As a result, the exports attained the peak of 1K tons, and then declined modestly in the following year.
In value terms, turkey meat exports declined modestly to $3.7M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 3.6% against the previous year. As a result, the exports reached the peak of $3.7M, and then contracted slightly in the following year.
| Export of Turkey Meat in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Jordan | N/A | N/A | 214 | 0% | |
| Poland | N/A | N/A | 97.2 | 0% | |
| Bahrain | N/A | N/A | 9.9 | 0% | |
| Yemen | 83.0 | N/A | 7.7 | -69.5% | |
| Oman | 15.6 | N/A | N/A | 0% | |
| Ghana | 51.3 | N/A | N/A | 0% | |
| Others | 3,391 | 3,596 | 3,397 | 0.1% | |
| Total | 3,541 | 3,596 | 3,726 | 2.6% | |
Top Export Markets for Turkey Meat from Saudi Arabia in 2022:
- Jordan (39.9 tons)
- Poland (25.0 tons)
- Yemen (4.4 tons)
- Bahrain (2.4 tons)
This report provides an in-depth analysis of the turkey meat market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1080 - Turkey meat
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two...
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The global turkey meat market revenue amounted to $544M in 2017, dropping by -11.8% against the previous year. This figure...
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