Southern Asia: Chicken Meat Market 2024

Chicken Meat Market Size in Southern Asia

The South Asian chicken meat market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chicken Meat Production in Southern Asia

In value terms, chicken meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

India (X tons) constituted the country with the largest volume of chicken meat production, accounting for X% of total volume. Moreover, chicken meat production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

The average chicken meat yield expanded rapidly to X kg per head in 2022, growing by X% against the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the chicken meat yield reached the peak level at X kg per head in 2019; however, from 2020 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for chicken meat production in Southern Asia; approximately equating 2021 figures. The total number of producing animals indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for chicken meat production increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2021, and then shrank in the following year.

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Chicken Meat Exports

Exports in Southern Asia

In 2022, shipments abroad of chicken meat decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicken meat exports skyrocketed to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Pakistan (X tons) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%). Bhutan (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bhutan (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Bhutan (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest chicken meat supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chicken meat export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Chicken Meat Imports

Imports in Southern Asia

Chicken meat imports surged to X tons in 2022, with an increase of X% compared with the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, chicken meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Afghanistan represented the main importer of chicken meat in Southern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Maldives (X tons), making up a X% share of total imports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chicken meat imports into Afghanistan stood at X%. At the same time, Maldives (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Maldives and Bhutan increased by X and X percentage points, respectively.

In value terms, Afghanistan ($X), Maldives ($X) and Bhutan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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