Eastern Asia: Fresh Whole Chicken Market 2024

Fresh Whole Chicken Market Size in Eastern Asia

The East Asian fresh whole chicken market reached $X in 2021, approximately reflecting the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fresh Whole Chicken Production in Eastern Asia

In value terms, fresh whole chicken production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; 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 production volume increased by 29% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

China (X tons) remains the largest fresh whole chicken producing country in Eastern Asia, accounting for 81% of total volume. Moreover, fresh whole chicken production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), sixfold. South Korea (X tons) ranked third in terms of total production with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China stood at +1.0%. The remaining producing countries recorded the following average annual rates of production growth: Japan (-4.9% per year) and South Korea (-6.3% per year).

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Fresh Whole Chicken Exports

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in overseas shipments of fresh or chilled whole chickens, which increased by 7% to X tons in 2021. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. As a result, the exports attained 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 markedly to $X in 2021. Total exports indicated a resilient expansion 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 +85.6% against 2013 indices. The growth pace was the most rapid in 2015 when exports increased by 14%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), together finishing at 99.9% of total export.

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 Eastern Asia.

In China, fresh whole chicken exports increased at an average annual rate of +6.1% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 4.8% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh whole chicken export price increased by +96.6% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 67% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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 Eastern Asia

In 2021, the amount of fresh or chilled whole chickens imported in Eastern Asia rose remarkably to X tons, growing by 12% against the year before. In general, imports posted a strong increase. The growth pace was the most rapid in 2019 when imports increased by 22% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fresh whole chicken imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

Hong Kong SAR was the major importer of fresh or chilled whole chickens in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 87% of total imports in 2021. It was distantly followed by Macao SAR (X tons), mixing up a 13% share of total imports.

Imports into Hong Kong SAR increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, Macao SAR (+17.1%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +17.1% from 2012-2021. While the share of Macao SAR (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-5.4 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported fresh or chilled whole chickens in Eastern Asia, comprising 87% of total imports. The second position in the ranking was held by Macao SAR ($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

The import price in Eastern Asia stood at $X per ton in 2021, growing by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 an increase of 17%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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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