Latest Report Update: Dec 18, 2021

Republic of Korea - Fresh Or Chilled Whole Chickens - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Republic of Korea: Fresh Whole Chicken Market Overview 2021

Fresh Whole Chicken Market Size in Republic of Korea

In 2020, the South Korean fresh whole chicken market increased by X% to $X, rising for the sixth year in a row after two years of decline. In general, consumption, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the near future.

Fresh Whole Chicken Production in Republic of Korea

In value terms, fresh whole chicken production reached $X in 2020 estimated in export prices. Over the period under review, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in the near future.

In 2020, the average fresh whole chicken yield in South Korea stood at X kg per head, approximately reflecting 2019 figures. In general, the yield continues to indicate a relatively flat trend pattern.

In 2020, number of animals slaughtered for fresh whole chicken production in South Korea totaled X head, approximately equating the previous year's figure. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern.

Fresh Whole Chicken Exports

Exports from Republic of Korea

For the fourth consecutive year, South Korea recorded decline in overseas shipments of fresh or chilled whole chickens, which decreased by X% to X kg in 2020. Over the period under review, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, fresh whole chicken exports amounted to $X in 2020. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2010 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for fresh whole chicken exports from South Korea, accounting for a X% share of total exports. Moreover, fresh whole chicken exports to the United Arab Emirates exceeded the volume sent to the second major destination, Palau (X kg), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2007 to 2018, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average fresh whole chicken export price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the export price recorded a resilient expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2018, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Palau amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates.

Fresh Whole Chicken Imports

Imports into Republic of Korea

Fresh whole chicken imports into South Korea was estimated at X tonnes in 2020, remaining stable against the previous year's figure. In general, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, fresh whole chicken imports stood at $X in 2020. Overall, imports, however, faced a abrupt slump. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main fresh whole chicken supplier to South Korea, accounting for a X% share of total imports. Moreover, fresh whole chicken imports from the U.S. exceeded the figures recorded by the second-largest supplier, Ukraine (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at -X%.

In value terms, the U.S. ($X) constituted the largest supplier of fresh whole chicken to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to -X%.

Import Prices by Country

In 2020, the average fresh whole chicken import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2010 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Ukraine stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled whole chickens in the world?
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The country with the largest volume of fresh whole chicken consumption was China (5.4M tonnes), comprising approx. 15% of total volume. Moreover, fresh whole chicken consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.2M tonnes), twofold. The third position in this ranking was occupied by India (2.2M tonnes), with a 6.3% share.
What are the largest producers of fresh or chilled whole chickens in the world?
+
China (5.5M tonnes) constituted the country with the largest volume of fresh whole chicken production, accounting for 16% of total volume. Moreover, fresh whole chicken production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.2M tonnes), twofold. India (2.2M tonnes) ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of fresh or chilled whole chickens to Republic of Korea?
+
In value terms, the U.S. ($12K) constituted the largest supplier of fresh whole chicken to South Korea, comprising 98% of total imports. The second position in the ranking was occupied by Ukraine ($211), with a 1.7% share of total imports.
What is the average export price for fresh or chilled whole chickens in Republic of Korea?
+
The average fresh whole chicken export price stood at $1,795 per tonne in 2018, growing by 27% against the previous year.
What is the average import price for fresh or chilled whole chickens in Republic of Korea?
+
The average fresh whole chicken import price stood at $917 per tonne in 2020, therefore, remained relatively stable against the previous year.

Product coverage:
• Prodcom 10121010 - Fresh or chilled whole chickens

This report provides an in-depth analysis of the fresh whole chicken market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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