Preserved Turkey Market Overview in South Korea
In value terms, preserved turkey production shrank to $ in estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production remained at a lower figure.
The value of the preserved turkey market in South Korea fell to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Preserved turkey consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.