Research firm IndexBox recently published its report, “U.S. – Turkey Meat – Market Analysis, Forecast, Size, Trends and Insights.”
The report, which can be obtained online, is based on research about the U.S. turkey industry in 2018.
The report’s findings included the following key numbers:
The revenue of the turkey meat market in the United States amounted to $4.8 billion in 2018. According to the report’s findings, that is a 6.1% improvement when compared to the revenue from the previous year.
In 2018, the production of turkey meat in the U.S. totaled 2.7 million metric tons, a figure IndexBox said what stable on a year-over-year basis.
In 2018, the number of animals slaughtered for turkey meat production in the United States amounted to 239 million, “approximately mirroring” the slaughter numbers from 2017.
In 2018, the average turkey meat yield in the U.S. was relatively unchanged year-over-year at 11 kilograms per head.
Approximately 219 metric tons of turkey meat were exported from the United States in 2018, waning by -5.2% against the previous year.
U.S. turkey meat exports in 2018 were valued at $419 million.
Mexico was the No. 1 destination for U.S. turkey exports in 2018. The country imported about 110,000 metric tons of U.S. turkey meat.
In 2018, the U.S. imported 8,500 metric tons of turkey from other markets. In terms of monetary value, those imports were valued at $27 million.
Nearly half of the turkey meat imported in 2018 by the United States came from Canada, at 4,200 metric tons. Chile and Israel came in second and third, respectively. Those three countries make up roughly 99% of the United States’ total turkey imports.
According to its website, IndexBox, headquartered in Walnut, California, has been conducting market research, completing consulting work and selling reports for more than 10 years. Its client base ranges from small farming businesses to international organizations and brand names.