Frozen Chicken Cut Market
Frozen chicken cut market: download the most recent facts and figures provided by an Ai-driven BI platform. Information provide production, companies, market size, exports, imports, consumption, market prices, and trade. There is a split by country, including the Middle East, EU, the U.S., Latin America, Russia, Africa, the U.K., and China. Market trends and forecast to 2030 are also featured in the dashboards.
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Frozen Chicken Cut - World's Largest Markets
Rating | Country |
---|---|
1 | China |
2 | India |
3 | Brazil |
4 | Japan |
5 | United States |
In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Brazil.
In China, the frozen chicken cut market contracted by an average annual rate of -3.3% over the period from 2019-2021. In the other countries, the average annual rates were as follows: India (-0.6% per year) and Brazil (+6.1% per year).
Frozen Chicken Cut Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Belgium | 850 | 867 | 1081 | 12.8% |
United States | 973 | 976 | 1185 | 10.4% |
Poland | 1533 | 1197 | 1371 | -5.4% |
Ukraine | 1315 | 1480 | 1453 | 5.1% |
Netherlands | 1834 | 1348 | 1709 | -3.5% |
Brazil | 1706 | 1868 | 1713 | 0.2% |
Russia | 1565 | 1479 | 1760 | 6.0% |
Argentina | 1704 | 1949 | 1813 | 3.1% |
Thailand | 2767 | 2634 | 2695 | -1.3% |
Average | 1461 | 1427 | 1534 | 2.5% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($2,695 per ton), while Belgium ($1,081 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Saudi Arabia | 2682 | 2149 | 2418 | -5.0% |
China | 2541 | 2265 | 2358 | -3.7% |
Japan | 2218 | 2055 | 2010 | -4.8% |
South Korea | 1436 | 1522 | 1469 | 1.1% |
United Arab Emirates | 1569 | 1346 | 1467 | -3.3% |
Mexico | 1348 | 970 | 1327 | -0.8% |
Iraq | 1447 | 1115 | 1278 | -6.0% |
Philippines | 959 | 949 | 1139 | 9.0% |
Cuba | 942 | 961 | 951 | 0.5% |
Vietnam | 993 | 886 | 951 | -2.1% |
Taiwan (Chinese) | 933 | 911 | 921 | -0.6% |
Ghana | 916 | 881 | 897 | -1.0% |
Angola | 882 | 662 | 780 | -6.0% |
Average | 1459 | 1439 | 1554 | 3.2% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($2,418 per ton), while Angola ($780 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines, while the other global leaders experienced more modest paces of growth.
Frozen Chicken Cut - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
China | 2 | 3.4 | 2.7 | 17.1% |
Japan | 1.2 | 1.1 | 1.2 | -2.4% |
Saudi Arabia | 0.6 | 0.5 | 0.5 | -5.4% |
Philippines | 0.3 | 0.3 | 0.4 | 17.5% |
Mexico | 0.4 | 0.2 | 0.4 | -9.9% |
In value terms, China ($2.7B) constitutes the largest market for imported frozen cuts of chicken worldwide, comprising 20% of global imports. The second position in the ranking was occupied by Japan ($1.2B), with a 8.4% share of global imports. It was followed by Saudi Arabia, with a 3.8% share.
From 2019 to 2021, the average annual rate of growth in terms of value in China stood at +17.1%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.4% per year) and Saudi Arabia (-5.4% per year).
Frozen Chicken Cut - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Brazil | 4.9 | 4.3 | 4.2 | -6.5% |
United States | 2.7 | 2.8 | 3.4 | 13.0% |
Netherlands | 0.8 | 1.1 | 1.1 | 17.8% |
Thailand | 0.8 | 0.9 | 0.8 | 3.1% |
Poland | 0.7 | 0.7 | 0.8 | 5.2% |
In value terms, Brazil ($4.2B), the United States ($3.4B) and the Netherlands ($1.1B) were the countries with the highest levels of exports in 2021, with a combined 63% share of global exports. These countries were followed by Thailand, Poland, Russia, Ukraine, Argentina and Belgium, which together accounted for a further 20%.
Among the main exporting countries, Belgium recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Frozen Chicken Cut - Market Forecast
Driven by rising demand for frozen chicken cut worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Frozen Chicken Cut - Product Coverage
- HS 020714 - Meat and edible offal; of the poultry of heading no. 0105, of fowls of the species gallus domesticus, cuts and offal, frozen
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