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World - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

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

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 tons, 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 tons. Chinese exports are projected to grow by 10% y-o-y to 176K tons.

Chicken meat exports from Brazil, the largest supplier in the world, will decrease by 3% y-o-y to 3.7M tons 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 tons, 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 tons), China (15M tons) and Brazil (14M tons), 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 tons, 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 tons) and the U.S. (3.5M tons) represented roughly 49% of total exports of chicken meat in 2020. It was distantly followed by the Netherlands (1.4M tons) and Poland (1.2M tons), together creating a 17% share of total exports. The following exporters - Turkey (516K tons), Belgium (439K tons), Ukraine (430K tons), the UK (427K tons), Thailand (341K tons), Germany (295K tons) and France (228K tons) - 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 ton 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.

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Source: IndexBox Market Intelligence 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 2030.

Product coverage:

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

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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