Australia and Oceania: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Australia and Oceania

The frozen chicken cut market in Australia and Oceania fell to $X in 2022, shrinking by -8.9% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Chicken Cut Production in Australia and Oceania

In value terms, frozen chicken cut production reached $X in 2022 estimated in export price. In general, production continues to indicate a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 24%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Australia (X tons) constituted the country with the largest volume of frozen chicken cut production, accounting for 79% of total volume. Moreover, frozen chicken cut production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in Australia totaled +5.1%. The remaining producing countries recorded the following average annual rates of production growth: New Zealand (+0.2% per year) and Papua New Guinea (-16.8% per year).

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Frozen Chicken Cut Exports

Exports in Australia and Oceania

In 2022, exports of frozen cuts of chicken in Australia and Oceania rose rapidly to X tons, picking up by 8.3% compared with the previous year. The total export volume increased at an average annual rate of +4.5% over the period 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 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, frozen chicken cut exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.8% 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 2021 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia represented the main exporter of frozen cuts of chicken in Australia and Oceania, with the volume of exports amounting to X tons, which was near 77% of total exports in 2022. It was distantly followed by New Zealand (X tons), achieving a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen chicken cut exports from Australia stood at +4.0%. At the same time, New Zealand (+6.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.5% from 2012-2022. While the share of New Zealand (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-3.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest frozen chicken cut supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was held by New Zealand ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +5.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 5% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 9.9%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.1%).

Frozen Chicken Cut Imports

Imports in Australia and Oceania

In 2022, imports of frozen cuts of chicken in Australia and Oceania expanded notably to X tons, with an increase of 9% against the year before. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, frozen chicken cut imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of frozen cuts of chicken, namely Papua New Guinea, Samoa and French Polynesia, represented more than half of total import. Tonga (X tons) took the next position in the ranking, followed by New Caledonia (X tons). All these countries together took near 18% share of total imports. Micronesia (X tons), Solomon Islands (X tons), Vanuatu (X tons), Fiji (X tons), Marshall Islands (X tons) and Kiribati (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kiribati (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen chicken cut importing markets in Australia and Oceania were French Polynesia ($X), Papua New Guinea ($X) and Samoa ($X), together comprising 54% of total imports. New Caledonia, Tonga, Solomon Islands, Vanuatu, Fiji, Micronesia, Kiribati and Marshall Islands lagged somewhat behind, together comprising a further 42%.

Kiribati, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 5.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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