Eastern Asia: Frozen Whole Chicken Market 2022

Frozen Whole Chicken Market Size in Eastern Asia

The East Asian frozen whole chicken market expanded rapidly to $X in 2021, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Frozen Whole Chicken Production in Eastern Asia

In value terms, frozen whole chicken production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% 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 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of frozen whole chicken production, accounting for X% of total volume. Moreover, frozen whole chicken production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), ninefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

In China, frozen whole chicken production declined by an average annual rate of -X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (+X% per year).

Frozen Whole Chicken Exports

Exports in Eastern Asia

After three years of growth, shipments abroad of frozen whole chickens decreased by -X% to X tons in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020, and then reduced in the following year.

In value terms, frozen whole chicken exports dropped to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2021. It was distantly followed by China (X tons), achieving a X% share of total exports. Hong Kong SAR (X tons) held a little share of total exports.

South Korea was also the fastest-growing in terms of the frozen whole chickens exports, with a CAGR of +X% from 2012 to 2021. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, China (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest frozen whole chicken supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

In South Korea, frozen whole chicken exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the the export prices remained at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

Frozen Whole Chicken Imports

Imports in Eastern Asia

In 2021, supplies from abroad of frozen whole chickens increased by X% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +X% 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 +X% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, frozen whole chicken imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Japan was the main importer of frozen whole chickens in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2021. Hong Kong SAR (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%). The following importers - Macao SAR (X tons) and Taiwan (Chinese) (X tons) - each finished at a X% share of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

China, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of 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 2021, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, 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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