Saudi Arabia: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in Saudi Arabia

The Saudi fresh chicken cut market contracted to $X in 2021, which is down by -12.8% against the previous year. In general, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Fresh Chicken Cut Production in Saudi Arabia

In value terms, fresh chicken cut production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 84%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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Fresh Chicken Cut Exports

Exports from Saudi Arabia

For the third consecutive year, Saudi Arabia recorded growth in overseas shipments of fresh or chilled cuts of chicken, which increased by 106% to X tons in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 221%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fresh chicken cut exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by 476%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for fresh chicken cut exports from Saudi Arabia, with a 74% share of total exports. Moreover, fresh chicken cut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), sevenfold. The third position in this ranking was taken by Kuwait (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +64.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+14.4% per year) and Kuwait (+22.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for fresh or chilled cuts of chicken exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was held by Kuwait ($X), with a 15% share of total exports. It was followed by Bahrain, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +78.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+28.4% per year) and Bahrain (+25.0% per year).

Export Prices by Country

In 2021, the average fresh chicken cut export price amounted to $X per ton, waning by -9.2% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh chicken cut export price decreased by -25.4% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 80% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Yemen ($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 Bahrain (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Chicken Cut Imports

Imports into Saudi Arabia

In 2021, the amount of fresh or chilled cuts of chicken imported into Saudi Arabia amounted to X tons, flattening at the previous year. Over the period under review, imports enjoyed a resilient expansion. The smallest decline of -36.4% was in 2013. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fresh chicken cut imports amounted to $X in 2021. Overall, imports continue to indicate buoyant growth. The smallest decline of -35% was in 2013. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest fresh chicken cut supplier to Saudi Arabia, with a 88% share of total imports. Moreover, fresh chicken cut imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Brazil (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +27.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Saudi Arabia, comprising 90% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +25.0%.

Import Prices by Country

The average fresh chicken cut import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of 9.3%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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