Pakistan: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in Pakistan

In 2021, after three years of decline, there was growth in the Pakistani fresh chicken cut market, when its value increased by 1.8% to $X. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.4% against 2017 indices. Fresh chicken cut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Fresh Chicken Cut Production in Pakistan

In value terms, fresh chicken cut production reached $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 58% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Fresh Chicken Cut Exports

Exports from Pakistan

Fresh chicken cut exports from Pakistan shrank significantly to X tons in 2021, with a decrease of -28.8% compared with the previous year. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2016 when exports increased by 414% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fresh chicken cut exports amounted to $X in 2021. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 625% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Qatar (X tons) and Hong Kong SAR (X tons) were the main destinations of fresh chicken cut exports from Pakistan, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +37.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fresh chicken cut exported from Pakistan were Hong Kong SAR ($X), Qatar ($X) and Vietnam ($X), together accounting for 91% of total exports. These countries were followed by Afghanistan, which accounted for a further 8.8%.

In terms of the main countries of destination, Afghanistan, with a CAGR of +45.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average fresh chicken cut export price amounted to $X per ton, rising by 41% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh chicken cut export price increased by +80.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 42% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Fresh Chicken Cut Imports

Imports into Pakistan

In 2021, supplies from abroad of fresh or chilled cuts of chicken decreased by -20.1% to X kg, falling for the seventh year in a row after three years of growth. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 259% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, fresh chicken cut imports fell markedly to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 246% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main fresh chicken cut supplier to Pakistan, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -11.2%.

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

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at -17.6%.

Import Prices by Country

In 2021, the average fresh chicken cut import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +80.8% per year.

Source: IndexBox Platform

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