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China - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 12, 2023
China's Chicken Meat Import Grows Modestly to $407M in March 2023
China Chicken Meat Imports
In March 2023, approximately 129K tons of chicken meat were imported into China; with an increase of 18% against February 2023 figures. The total import volume increased at an average monthly rate of +1.4% from March 2022 to March 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain months. The most prominent rate of growth was recorded in December 2022 with an increase of 19% against the previous month. Over the period under review, imports hit record highs in March 2023.
In value terms, chicken meat imports expanded remarkably to $407M (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +3.0% from March 2022 to March 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in June 2022 when imports increased by 24% m-o-m.
| COUNTRY | Import Value of Chicken Meat in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Brazil | 104 | 113 | 117 | 135 | 141 | 135 | 137 | 138 | 130 | 131 | 120 | 155 | 165 |
| United States | 99.1 | 124 | 101 | 111 | 119 | 124 | 117 | 80.8 | 82.4 | 96.9 | 74.7 | 56.5 | 79.8 |
| Thailand | 20.8 | 20.6 | 20.7 | 26.3 | 31.5 | 55.8 | 54.7 | 41.4 | 32.7 | 44.8 | 32.7 | 56.2 | 51.5 |
| Russia | 25.8 | 27.4 | 16.5 | 36.7 | 45.5 | 39.4 | 44.7 | 32.0 | 30.4 | 40.4 | 33.1 | 38.4 | 35.1 |
| Belarus | 11.9 | 7.0 | 3.7 | 13.8 | 21.1 | 25.0 | 26.6 | 20.1 | 22.8 | 27.3 | 19.1 | 19.2 | 27.2 |
| Argentina | 15.2 | 12.1 | 13.5 | 19.3 | 19.5 | 21.9 | 22.8 | 20.8 | 18.5 | 22.3 | 21.6 | 23.4 | 25.7 |
| Turkey | 4.5 | 3.9 | 7.5 | 5.0 | 3.7 | 8.1 | 10.3 | 11.5 | 9.1 | 11.7 | 11.4 | 9.3 | 11.6 |
| Others | 5.1 | 5.6 | 6.6 | 10.1 | 9.0 | 11.3 | 8.7 | 6.6 | 4.5 | 9.0 | 8.2 | 6.8 | 10.7 |
| Total | 286 | 314 | 287 | 357 | 390 | 421 | 421 | 352 | 331 | 384 | 321 | 365 | 407 |
Imports by Country
In March 2023, Brazil (60K tons) constituted the largest supplier of chicken meat to China, with a 46% share of total imports. Moreover, chicken meat imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (26K tons), twofold. The third position in this ranking was held by Thailand (11K tons), with an 8.5% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume from Brazil stood at +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-2.1% per month) and Thailand (+5.7% per month).
In value terms, Brazil ($165M) constituted the largest supplier of chicken meat to China, comprising 41% of total imports. The second position in the ranking was taken by the United States ($80M), with a 20% share of total imports. It was followed by Thailand, with a 13% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from Brazil stood at +3.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-1.8% per month) and Thailand (+7.9% per month).
Imports by Type
In March 2023, frozen cuts of chicken (128K tons) was the main type of chicken meat supplied to China, accounting for a 100% share of total imports. It was followed by frozen whole chickens (503 tons), with a 0.4% share of total imports.
From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of import of frozen cuts of chicken amounted to +1.4%.
In value terms, frozen cuts of chicken ($406M) constituted the largest type of chicken meat supplied to China, comprising 100% of total imports. The second position in the ranking was held by frozen whole chickens ($747K), with a 0.2% share of total imports.
Import Prices by Country
In March 2023, the chicken meat price stood at $3,155 per ton (CIF, China), with a decrease of -5.3% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in June 2022 an increase of 13% m-o-m. The import price peaked at $3,833 per ton in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($4,709 per ton), while the price for Turkey ($2,492 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Russia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the chicken meat market in China. 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:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
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 PRODUCT
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Producing Animals Slaughtered, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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