Japan: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Japan

The Japanese frozen chicken cut market surged to $X in 2022, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Chicken Cut Exports

Exports from Japan

In 2022, frozen chicken cut exports from Japan dropped dramatically to X tons, waning by -40.5% on the previous year's figure. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, frozen chicken cut exports contracted markedly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for frozen chicken cut exports from Japan, accounting for a 82% share of total exports. Moreover, frozen chicken cut exports to Hong Kong SAR exceeded the volume sent to the second major destination, Cambodia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-14.1% per year) and Vietnam (-7.8% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for frozen cuts of chicken exports from Japan, comprising 91% of total exports. The second position in the ranking was held by Cambodia ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-19.7% per year) and Vietnam (-12.2% per year).

Export Prices by Country

The average frozen chicken cut export price stood at $X per ton in 2022, growing by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2016 an increase of 15%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Cambodia ($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 Hong Kong SAR (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

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Frozen Chicken Cut Imports

Imports into Japan

In 2022, approx. X tons of frozen cuts of chicken were imported into Japan; which is down by -4.2% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period 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 2014 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, frozen chicken cut imports soared to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable 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

In 2022, Brazil (X tons) constituted the largest supplier of frozen chicken cut to Japan, accounting for a 73% share of total imports. Moreover, frozen chicken cut imports from Brazil exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.0% per year) and the United States (-9.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of chicken to Japan, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.5% per year) and the United States (-10.1% per year).

Import Prices by Country

The average frozen chicken cut import price stood at $X per ton in 2022, growing by 34% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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