Canada: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in Canada

The Canadian fresh chicken cut market contracted to $X in 2022, which is down by -10.9% against the previous year. Over the period under review, consumption, however, continues to indicate tangible growth. Fresh chicken cut consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Fresh Chicken Cut Production in Canada

In value terms, fresh chicken cut production contracted to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 92% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Fresh Chicken Cut Exports

Exports from Canada

In 2022, approx. X tons of fresh or chilled cuts of chicken were exported from Canada; surging by 13% against the previous year's figure. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fresh chicken cut exports stood at $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for fresh chicken cut exports from Canada, accounting for a 91% share of total exports. Moreover, fresh chicken cut exports to the United States exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (0.0% per year) and Taiwan (Chinese) (-20.8% per year).

In value terms, the United States ($X) remains the key foreign market for fresh or chilled cuts of chicken exports from Canada, comprising 98% of total exports. The second position in the ranking was taken by Angola ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (0.0% per year) and Taiwan (Chinese) (-24.6% per year).

Export Prices by Country

The average fresh chicken cut export price stood at $X per ton in 2022, approximately equating the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh chicken cut export price increased by +24.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%), while the prices for the other major destinations experienced a decline.

Fresh Chicken Cut Imports

Imports into Canada

In 2022, imports of fresh or chilled cuts of chicken into Canada reduced to X tons, shrinking by -4.9% against the year before. Over the period under review, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, fresh chicken cut imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main fresh chicken cut supplier to Canada, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -2.0%.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Canada.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2022, the average fresh chicken cut import price amounted to $X per ton, increasing by 66% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh chicken cut import price increased by +111.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.7% per year.

Source: IndexBox Platform

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