Asia-Pacific: Fresh Whole Chicken Market 2024

Fresh Whole Chicken Market Size in Asia-Pacific

The Asia-Pacific fresh whole chicken market reached $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fresh Whole Chicken Production in Asia-Pacific

In value terms, fresh whole chicken production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

The country with the largest volume of fresh whole chicken production was China (X tons), comprising approx. 41% of total volume. Moreover, fresh whole chicken production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was held by Pakistan (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume in China amounted to +1.0%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.5% per year) and Pakistan (+1.5% per year).

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Fresh Whole Chicken Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in overseas shipments of fresh or chilled whole chickens, which increased by 8% to X tons in 2021. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, fresh whole chicken exports expanded sharply to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.4% against 2013 indices. The pace of growth appeared the most rapid in 2015 with an increase of 13%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

China (X tons) represented roughly 98% of total exports in 2021.

China was also the fastest-growing in terms of the fresh or chilled whole chickens exports, with a CAGR of +3.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fresh whole chicken supplier in Asia-Pacific.

From 2012 to 2021, the average annual growth rate of value in China stood at +6.1%.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 4.3% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh whole chicken export price increased by +94.6% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 67%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.7% per year.

Fresh Whole Chicken Imports

Imports in Asia-Pacific

Fresh whole chicken imports rose significantly to X tons in 2021, surging by 12% on the year before. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.5% against 2013 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 21%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, fresh whole chicken imports soared to $X in 2021. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 29%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR was the major importer of fresh or chilled whole chickens in Asia-Pacific, with the volume of imports reaching X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Macao SAR (X tons), creating a 13% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fresh whole chicken imports into Hong Kong SAR stood at +8.0%. At the same time, Macao SAR (+17.1%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +17.1% from 2012-2021. From 2012 to 2021, the share of Hong Kong SAR and Macao SAR increased by +8.8 and +7.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported fresh or chilled whole chickens in Asia-Pacific, comprising 86% of total imports. The second position in the ranking was taken by Macao SAR ($X), with a 13% share of total imports.

In Hong Kong SAR, fresh whole chicken imports increased at an average annual rate of +14.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 6.2% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh whole chicken import price increased by +23.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 18%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Macao SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.2%).

Source: IndexBox Platform

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