Global Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size

The global fresh chicken cut market stood at $X in 2022, remaining stable against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.8% against 2014 indices. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in the near future.

Fresh Chicken Cut Production

In value terms, fresh chicken cut production amounted to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 16% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

China (X tons) constituted the country with the largest volume of fresh chicken cut production, comprising approx. 15% of total volume. Moreover, fresh chicken cut production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 3.4% share.

In China, fresh chicken cut production expanded at an average annual rate of +3.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+7.2% per year) and Indonesia (+1.9% per year).

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Fresh Chicken Cut Exports

Exports

For the eleventh year in a row, the global market recorded growth in overseas shipments of fresh or chilled cuts of chicken, which increased by 5.9% to X tons in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +72.9% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 12%. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, fresh chicken cut exports soared to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from the United States (X tons), Poland (X tons) and the Netherlands (X tons), together recording 60% of total export. Belgium (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together held near 14% share of total exports. The following exporters - the UK (X tons), France (X tons), Sweden (X tons), Hungary (X tons), Belarus (X tons) and Ukraine (X tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +124.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, with a combined 61% share of global exports. Belgium, Germany, Hungary, France, Belarus, Ukraine, the UK and Sweden lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, Ukraine, with a CAGR of +132.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh chicken cut export price stood at $X per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%), while the other global leaders experienced more modest paces of growth.

Fresh Chicken Cut Imports

Imports

In 2022, the amount of fresh or chilled cuts of chicken imported worldwide stood at X tons, almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fresh chicken cut imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of fresh or chilled cuts of chicken, namely Mexico, the Netherlands, Germany, the UK and France, represented more than two-thirds of total import. It was distantly followed by Belgium (X tons), committing a 6.4% share of total imports. The following importers - Canada (X tons), Austria (X tons), Slovakia (X tons) and Russia (X tons) - together made up 9.6% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of +34.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined 45% share of global imports. The Netherlands, Mexico, Canada, Belgium, Austria, Slovakia and Russia lagged somewhat behind, together accounting for a further 34%.

Russia, with a CAGR of +30.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fresh chicken cut import price amounted to $X per ton, picking up by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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