U.S. - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Aug 6, 2022

Chicken Meat Price per Ton June 2022

U.S. Chicken Meat Export Price per Ton June 2022

In June 2022, the chicken meat price per ton amounted to $1,507 (FOB, US), picking up by 18% against the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($3,751 per ton), while the average price for exports to Georgia ($878 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Chicken Meat Export Prices by Type

The average chicken meat export price stood at $1,507 per ton in June 2022, rising by 18% against the previous month. Over the last five-month period, it increased at an average monthly rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major types of exported product. In June 2022, the highest price was recorded for prices to fresh or chilled cuts of chicken ($1,756 per ton) and frozen whole chickens ($1,712 per ton), while the average price for exports of fresh or chilled whole chickens ($1,253 per ton) and frozen cuts of chicken ($1,460 per ton) were amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: frozen whole chicken (+13.2%), while the prices for the other products experienced more modest paces of growth.

U.S. Chicken Meat Exports

Chicken meat exports from the United States reduced to 316K tons in June 2022, shrinking by -6.3% against May 2022. The total export volume increased at an average monthly rate of +2.3% from January 2022 to June 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in February 2022 when exports increased by 13% against the previous month. The exports peaked at 338K tons in May 2022, and then dropped in the following month.

In value terms, chicken meat exports expanded sharply to $477M (IndexBox estimates) in June 2022. The total export value increased at an average monthly rate of +5.8% from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain months. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

U.S. Chicken Meat Exports by Type

Frozen cuts of chicken (264K tons) was the largest type of chicken meat exported from the United States, accounting for a 83% share of total exports. Moreover, frozen cuts of chicken exceeded the volume of the second product type, fresh or chilled cuts of chicken (50K tons), fivefold. Frozen whole chickens (1.8K tons) ranked third in terms of total exports with a 0.6% share.

From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of export of frozen cuts of chicken amounted to +2.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled cuts of chicken (+1.2% per month) and frozen whole chickens (-21.7% per month).

In value terms, frozen cuts of chicken ($386M) remains the largest type of chicken meat exported from the United States, comprising 81% of total exports. The second position in the ranking was held by fresh or chilled cuts of chicken ($87M), with an 18% share of total exports. It was followed by frozen whole chickens, with a 0.6% share.

From January 2022 to June 2022, the average monthly growth rate of the export volume of frozen cuts of chicken stood at +5.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled cuts of chicken (+6.3% per month) and frozen whole chickens (-11.4% per month).

U.S. Chicken Meat Exports by Country

China (59K tons), Mexico (53K tons) and Taiwan (Chinese) (28K tons) were the main destinations of chicken meat exports from the United States, with a combined 44% share of total exports. These countries were followed by Cuba, the Philippines, Angola, Canada, Vietnam, Guatemala, Ghana, Haiti, Georgia and Congo, which together accounted for a further 34%.

From January 2022 to June 2022, the biggest increases were in Vietnam (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($104M), Mexico ($70M) and Canada ($41M) constituted the largest markets for chicken meat exported from the United States worldwide, together accounting for 45% of total exports. Taiwan (Chinese), Angola, Cuba, the Philippines, Guatemala, Vietnam, Haiti, Ghana, Congo and Georgia lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Vietnam, with a CAGR of +25.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the chicken meat market in the U.S.. 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 1058 - Chicken meat
• FCL 1059 - Offals and liver of chickens
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Producing Animals Slaughtered, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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