EU turkey consumption in a mild drop
Over the last 10 years, turkey consumption in Europe has decreased slightly, leaving only a few countries in the EU to show signs of significant consumption volumes. Germany, Spain and Poland are accounting together for 54% of turkey consumption in the EU. In the last two years, the revenue of the preserved turkey market in the EU was close to €2 billion each year. The countries with the highest volumes of preserved turkey consumption in 2018 were Germany (124K tonnes), Spain (88K tonnes) and Poland (57K tonnes), with a combined 54% share of total consumption. These countries were followed by France, the UK, Greece, the Netherlands, Hungary, Portugal, Italy, Belgium and Bulgaria, which together accounted for a further 35%.
In value terms, Germany ($572M), Spain ($353M) and France ($287M) constituted the countries with the highest levels of market value in 2018, with a combined 54% share of the total market. These countries were followed by Poland, the UK, Greece, Portugal, Belgium, Italy, Bulgaria, Hungary and the Netherlands, which together accounted for a further 35%.
The countries with the highest levels of preserved turkey per capita consumption in the last couple of years were Greece (2,075 kg per 1000 persons), Spain (1,887 kg per 1000 persons) and Germany (1,512 kg per 1000 persons).
For the next decade, according to the latest IndexBox forecast, the market is expected to continue an upward consumption trend. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.6% for the period from 2020 to 2030, which is projected to bring the market volume to 598,000 tonnes by the end of 2030.
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