Frozen Poultry Liver Market

The article discusses the increasing demand for frozen poultry livers and offal globally, with a forecasted growth in consumption volume and market value. Insights into consumption and production trends from 2012 to 2022 are provided, along with information on key importing and exporting countries. China, the United States, and Brazil are highlighted as major players in both production and consumption. Market forecasts suggest steady growth in the market over the next eight years.

Market Forecast

Driven by increasing demand for frozen poultry livers and offal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 22M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $44.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Frozen Poultry Livers And Offal

In 2022, approx. 17M tons of frozen poultry livers and offal were consumed worldwide; remaining constant against the previous year's figure. The total consumption volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 9.2% against the previous year. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

The global frozen poultry liver market revenue rose sharply to $27.8B in 2022, surging by 8.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.8M tons), the United States (922K tons) and India (756K tons), with a combined 21% share of global consumption. Japan, Russia, the Philippines, Mexico, Cuba, Ghana, Indonesia, Brazil, the Netherlands and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +26.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($5.1B) led the market, alone. The second position in the ranking was taken by Japan ($1.5B). It was followed by the United States.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +10.1%. In the other countries, the average annual rates were as follows: Japan (+2.5% per year) and the United States (-1.1% per year).

The countries with the highest levels of frozen poultry liver per capita consumption in 2022 were Cuba (32 kg per person), the Netherlands (18 kg per person) and Ghana (11 kg per person).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Frozen Poultry Livers And Offal

Global frozen poultry liver production fell to 17M tons in 2022, almost unchanged from 2021 figures. The total output volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 8.6% against the previous year. Over the period under review, global production hit record highs at 18M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, frozen poultry liver production contracted modestly to $20.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 9.5% against the previous year. Over the period under review, global production attained the maximum level at $22.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (3.9M tons), Brazil (3.7M tons) and India (757K tons), together accounting for 49% of global production. Poland, the Netherlands, China, Thailand, Russia, Turkey, Indonesia, Germany, the UK and Nigeria lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +11.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Frozen Poultry Livers And Offal

In 2022, the amount of frozen poultry livers and offal imported worldwide rose slightly to 10M tons, growing by 2.1% compared with 2021. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 7.5%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, frozen poultry liver imports surged to $20.5B in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, China (1.3M tons), distantly followed by Japan (555K tons) were the key importers of frozen poultry livers and offal, together creating 18% of total imports. The following importers - the Philippines (432K tons), Cuba (367K tons), Ghana (360K tons), Mexico (341K tons), the Netherlands (337K tons), the United Arab Emirates (278K tons), Angola (276K tons), Taiwan (Chinese) (218K tons), Saudi Arabia (200K tons), Iraq (197K tons) and Germany (194K tons) - together made up 32% of total imports.

Imports into China increased at an average annual rate of +9.7% from 2012 to 2022. At the same time, the Philippines (+14.1%), Ghana (+8.9%), Cuba (+7.6%), Mexico (+4.9%), the United Arab Emirates (+4.9%), Iraq (+4.8%), Japan (+2.8%), the Netherlands (+1.8%), Saudi Arabia (+1.6%) and Germany (+1.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +14.1% from 2012-2022. Angola experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-1.0%) illustrated a downward trend over the same period. China (+6.2 p.p.), the Philippines (+2.8 p.p.) and Ghana (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4.2B) constitutes the largest market for imported frozen poultry livers and offal worldwide, comprising 20% of global imports. The second position in the ranking was taken by Japan ($1.5B), with a 7.4% share of global imports. It was followed by the Netherlands, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +15.8%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.2% per year) and the Netherlands (+4.7% per year).

Import Prices By Country

In 2022, the average frozen poultry liver import price amounted to $2,025 per ton, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,351 per ton), while Cuba ($1,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Frozen Poultry Livers And Offal

In 2022, the amount of frozen poultry livers and offal exported worldwide dropped to 11M tons, remaining stable against the year before. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 7.7% against the previous year. Over the period under review, the global exports attained the peak figure at 11M tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen poultry liver exports skyrocketed to $19.9B in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, Brazil (3.4M tons) and the United States (3.1M tons) represented the key exporters of frozen poultry livers and offalin the world, together accounting for approx. 61% of total exports. It was distantly followed by the Netherlands (665K tons) and Poland (640K tons), together constituting a 12% share of total exports. The following exporters - Thailand (352K tons), Turkey (320K tons), Ukraine (228K tons), Germany (211K tons) and Chile (172K tons) - together made up 12% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +16.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen poultry liver supplying countries worldwide were Brazil ($6.9B), the United States ($4.2B) and the Netherlands ($1.4B), with a combined 63% share of global exports. Poland, Thailand, Chile, Turkey, Ukraine and Germany lagged somewhat behind, together comprising a further 23%.

In terms of the main exporting countries, Thailand, with a CAGR of +20.3%, saw 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.

Export Prices By Country

The average frozen poultry liver export price stood at $1,869 per ton in 2022, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($4,071 per ton), while the United States ($1,341 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform