India: Chicken Meat Market 2024

Chicken Meat Market Size in India

The Indian chicken meat market rose remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chicken Meat Production in India

In value terms, chicken meat production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average chicken meat yield in India soared to X kg per head, growing by X% on 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by X%. Over the period under review, the average chicken meat yield hit record highs at X kg per head in 2020; however, from 2021 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for chicken meat production in India; with an increase of X% against 2021 figures. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2020; afterwards, it flattened through to 2022.

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Chicken Meat Exports

Exports from India

In 2022, shipments abroad of chicken meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a mild expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicken meat exports skyrocketed to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bhutan (X tons) was the main destination for chicken meat exports from India, with a X% share of total exports. Moreover, chicken meat exports to Bhutan exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was taken by Maldives (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bhutan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

In value terms, Bhutan ($X) remains the key foreign market for chicken meat exports from India, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bhutan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

Export Prices by Country

In 2022, the average chicken meat export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chicken meat export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Malaysia ($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 Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chicken Meat Imports

Imports into India

In 2022, supplies from abroad of chicken meat decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chicken meat imports declined sharply to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest chicken meat supplier to India, accounting for a X% share of total imports. Moreover, chicken meat imports from Brazil exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Oman (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X), Brazil ($X) and Oman ($X) appeared to be the largest chicken meat suppliers to India, together comprising X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chicken meat import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted strong growth. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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