South-Eastern Asia: Fresh Whole Chicken Market 2024

Fresh Whole Chicken Market Size in South-Eastern Asia

The Southeast Asian fresh whole chicken market rose slightly to $X in 2021, picking up by 1.7% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Fresh Whole Chicken Production in South-Eastern Asia

In value terms, fresh whole chicken production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Indonesia (X tons) constituted the country with the largest volume of fresh whole chicken production, accounting for 40% of total volume. Moreover, fresh whole chicken production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. The Philippines (X tons) ranked third in terms of total production with a 12% share.

From 2012 to 2021, the average annual growth rate of volume in Indonesia amounted to +2.5%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+1.7% per year) and the Philippines (+4.2% per year).

Fresh Whole Chicken Exports

Exports in South-Eastern Asia

In 2021, fresh whole chicken exports in South-Eastern Asia soared to X tons, rising by 41% compared with the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,292%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, fresh whole chicken exports soared to $X in 2021. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 880%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of fresh or chilled whole chickens in South-Eastern Asia, achieving 98% of total export.

Thailand was also the fastest-growing in terms of the fresh or chilled whole chickens exports, with a CAGR of +26.4% from 2012 to 2021. From 2012 to 2021, the share of Thailand increased by +32 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest fresh whole chicken supplier in South-Eastern Asia.

In Thailand, fresh whole chicken exports expanded at an average annual rate of +25.6% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 3.8% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 an increase of 162%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to -0.7% per year.

Fresh Whole Chicken Imports

Imports in South-Eastern Asia

For the ninth consecutive year, South-Eastern Asia recorded decline in supplies from abroad of fresh or chilled whole chickens, which decreased by -4.6% to X tons in 2021. Over the period under review, imports faced a abrupt downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh whole chicken imports fell notably to $X in 2021. Overall, imports recorded a deep slump. The smallest decline of -5.6% was in 2016. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam was the largest importer of fresh or chilled whole chickens in South-Eastern Asia, with the volume of imports finishing at X tons, which was near 79% of total imports in 2021. Myanmar (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (5.8%). Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fresh whole chicken imports into Vietnam stood at -21.2%. At the same time, Singapore (+45.0%) and Myanmar (+12.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +45.0% from 2012-2021. By contrast, the Philippines (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Myanmar, the Philippines and Singapore increased by +11, +3 and +2.8 percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported fresh or chilled whole chickens in South-Eastern Asia, comprising 70% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 12% share of total imports. It was followed by Singapore, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam amounted to -19.8%. In the other countries, the average annual rates were as follows: Myanmar (+20.3% per year) and Singapore (+42.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -15.8% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 an increase of 28%. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Vietnam ($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 Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :