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World - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Aug 18, 2021

Chicken Meat Prices Skyrocket Due to Restored Demand in the HoReCa, a Flash of the Bird Flu and Increasing Costs for Grains

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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.

Since the start of 2021, prices in the global chicken meat market shot up as a result of high demand, rising costs for feed grain and food as well as a decreasing rate of chicken slaughter in the EU, South Korea and Japan. Heightened costs for shipping containers are additionally driving the growth in export prices. As of year-end 2021, worldwide production and exports of chicken meat are forecast to remain at the previous year’s level. Demand for chicken meat in China is dropping while the pig population in the country is recovering and hog prices are decreasing. Saudi Arabia’s ban on imports of chicken products from Brazil may lead to diminished exports from that country.

Key Trends and Insights

All around the world this year, prices for chicken meat are growing at a fast pace. According to FAO, export prices for chicken cuts and edible offal from the U.S. spiked from $977 per ton in January 2021 to $1138 per ton in June 2021. The price for broiler meat in the EU during the 29th week of 2021 was at 204.5 euros for 100kg or 10% higher than the same period of the previous year. The price increase is caused by demand growth from the HoReCa sector and retail in western countries, particularly the U.S., high costs for poultry feed and a slow production pace in the EU following a flash of the bird flu. Rising rates for shipping containers is also adding to the increased export prices.

Based on USDA figures, IndexBox calculates that at year-end 2021 chicken meat production globally will remain at 123M tonnes, the same level as the previous year. Falling demand for chicken meat in China is the main factor holding back production growth. China is intensively recovering its hog population after widespread disease led to a major decline in numbers. As a result, prices for swine are decreasing and boosting pork consumption. The high cost for feed grain and lingering impacts of Highly Pathogenic Avian Influenza in the EU, South Korea and Japan are also hindering expansion in the poultry industry.

In 2021, chicken meat exports globally will remain at the previous year’s levels. Drops in meat shipments from the EU and Brazil will be offset by an increase in supply from the U.S. and China. The U.S. is the second world’s largest exporter of chicken meat with a 24% market share of global exports. The country will ramp up deliveries by +1% y-o-y to 3.5M tonnes. Chinese exports are projected to grow by 10% y-o-y to 176K tonnes.

Chicken meat exports from Brazil, the largest supplier in the world, will decrease by 3% y-o-y to 3.7M tonnes as a consequence of Saudia Arabia’s ban on imports going into effect in May 2021. The ban specifically focuses on 11 poultry processing plants in Brazil. Saudia Arabia is one of the largest importers of Brazilian chicken meat, but this year, the country will aggressively develop its domestic production and offset the drop in imports from Brazil with shipments from China, Cuba and Angola.

Global Chicken Meat Production by Country

In 2020, the amount of chicken meat produced worldwide rose by +4% to 123M tonnes, growing compared with 2019. In value terms, chicken meat production reached $192.4B in 2020 estimated in export prices. 

The countries with the highest volumes of chicken meat production in 2020 were the U.S. (20M tonnes), China (15M tonnes) and Brazil (14M tonnes), together comprising 40% of global production. These countries were followed by Russia, India, Indonesia, Mexico, Japan, Iran, Argentina, Poland, Turkey and Peru, which together accounted for a further 25%.

Global Chicken Meat Exports by Country

In 2020, the amount of chicken meat exported worldwide rose slightly to 15M tonnes, growing by +3.9% compared with the previous year's figure. In value terms, chicken meat exports contracted slightly to $21.6B (IndexBox estimates) in 2020. 

Brazil (3.9M tonnes) and the U.S. (3.5M tonnes) represented roughly 49% of total exports of chicken meat in 2020. It was distantly followed by the Netherlands (1.4M tonnes) and Poland (1.2M tonnes), together creating a 17% share of total exports. The following exporters - Turkey (516K tonnes), Belgium (439K tonnes), Ukraine (430K tonnes), the UK (427K tonnes), Thailand (341K tonnes), Germany (295K tonnes) and France (228K tonnes) - together made up 18% of total exports.

In 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (+68.0% per year), while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest chicken meat supplying countries worldwide were Brazil ($5.5B), the U.S. ($3.4B) and the Netherlands ($2.5B), together accounting for 53% of global exports. These countries were followed by Poland, Thailand, Belgium, Ukraine, Germany, Turkey, France and the UK, which together accounted for a further 28%.

The average chicken meat export price stood at $1,451 per tonne in 2020, declining by -8.3% against the previous year. In 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Platform

Product coverage:
• FCL 1058 - Chicken meat
• FCL 1059 - Offals and liver of chickens

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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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