
World - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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Chicken Meat Prices Reach the Highest Level Ever and Keep Growing in 2022
IndexBox has just published a new report: 'World - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In December 2021, the chicken price peaked at $2.74 per kg, gaining 17% from a month earlier. The average annual figure is forecast to rise from $2.26 per kg last year to $2.30 per kg in 2022.
Acording to World Bank's data, the average annual chicken meat price grew by 38% y-o-y to $2.26 per kg in 2021. Rising feed costs combined with high logistical expenditures are pushing the meat prices up, despite global production remaining stable compared to the 2020's level of approx. 120M tonnes.
Although global chicken meat production is projected to rise to 121M tonnes this year, the prices are set to increase, propelled by boosting demand. In 2022, the average annual chicken meat price is forecast to gain 2% y-o-y to $2.30 per kg. An expected decline in the cattle herd, especially in the EU and the U.S., is set to drive the demand for beef substitutes, including poultry.
Top Leading Chicken Meat Exporters Worldwide
In 2020, the amount of chicken meat exported worldwide expanded rapidly to 15M tonnes, surging by 5.6% compared with the year before. In value terms, supplies contracted to $21.9B (IndexBox estimates).
Brazil (3.9M tonnes) and the U.S. (3.5M tonnes) represented the leading exporters of chicken meat in 2020, reaching approx. 25% and 23% of global exports, respectively. The Netherlands (1.4M tonnes) occupied a 9.2% share (based on tonnes), which put it in second place, followed by Poland (8%). The following exporters - Turkey (517K tonnes), Belgium (503K tonnes), Ukraine (429K tonnes), the UK (411K tonnes), Thailand (344K tonnes), Germany (301K tonnes), Russia (280K tonnes) and France (227K tonnes) - together made up 20% of total volume.
In value terms, Brazil ($5.5B), the U.S. ($3.4B) and the Netherlands ($2.5B) appeared to be the countries with the highest levels of exports in 2020, together comprising 52% of global exports. Poland, Thailand, Belgium, Ukraine, Germany, Turkey, France, Russia and the UK lagged somewhat behind, accounting for a further 30%.
Top Leading Chicken Meat Importers Worldwide
In 2020, China (1.5M tonnes), followed by Mexico (767K tonnes), were the largest importers of chicken meat, creating 17% of global imports. The Netherlands (542K tonnes), Japan (535K tonnes), Germany (515K tonnes), the United Arab Emirates (480K tonnes), Hong Kong SAR (462K tonnes), South Africa (460K tonnes), Iraq (429K tonnes), France (387K tonnes), the UK (377K tonnes), the Philippines (315K tonnes) and Cuba (267K tonnes) occupied a relatively small share of total international purchases.
In value terms, China ($3.4B) constitutes the largest market for imported chicken meat worldwide, comprising 16% of global imports. The UK's second position in the ranking was ($1.2B), with a 5.5% share of total purchases. It was followed by Germany, with a 5.4% share.
Source: IndexBox Platform
This report provides an in-depth analysis of the global chicken meat market. 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 2025.
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A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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