Asia: Chicken Meat Market 2024

Chicken Meat Market Size in Asia

The Asian chicken meat market totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Chicken Meat Production in Asia

In value terms, chicken meat production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest chicken meat producing country in Asia, comprising approx. X% of total volume. Moreover, chicken meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. Indonesia (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Indonesia (X% per year).

In 2022, the average yield of chicken meat in Asia amounted to X kg per head, therefore, remained relatively stable against 2021. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the chicken meat yield attained the peak level at X kg per head in 2016; afterwards, it flattened through to 2022.

In 2022, approx. X heads of animals slaughtered for chicken meat production in Asia; therefore, remained relatively stable against the year before. This number increased at an average annual rate of X% 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 2017 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then fell slightly in the following year.

Chicken Meat Exports

Exports in Asia

In 2022, shipments abroad of chicken meat increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicken meat exports skyrocketed to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporter of chicken meat in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), China (X tons) and the United Arab Emirates (X tons), together making up a X% share of total exports. The following exporters - South Korea (X tons), Singapore (X tons), Iran (X tons), Oman (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest chicken meat supplying countries in Asia were Thailand ($X), Turkey ($X) and China ($X), together accounting for X% of total exports. The United Arab Emirates, Saudi Arabia, Oman, South Korea, Singapore and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Chicken Meat Imports

Imports in Asia

In 2022, imports of chicken meat in Asia rose remarkably to X tons, increasing by X% on the previous year. The total import volume increased at an average annual rate of X% 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 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chicken meat imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Japan (X tons), the Philippines (X tons) and Iraq (X tons) were the major importers of chicken meat, together comprising X% of total imports. The following importers - Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Singapore (X tons), Kuwait (X tons), South Korea (X tons), Malaysia (X tons) and Vietnam (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chicken meat imports into China stood at X%. At the same time, Malaysia (X%), the Philippines (X%), Vietnam (X%), the United Arab Emirates (X%), Singapore (X%), Kuwait (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Iraq and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), the Philippines (X p.p.), Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Saudi Arabia and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chicken meat in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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