Thailand - Fresh Or Chilled Cuts Of Chicken - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand Reduces Price of Fresh Chicken Cut by 5% to $2,488 per Ton
Thailand Fresh Chicken Cut Export Price in June 2023
In June 2023, the fresh chicken cut price stood at $2,488 per ton (FOB, Thailand), declining by -5.2% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $2,967 per ton. From September 2022 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong ($5,645 per ton), while the average price for exports to Lao People's Democratic Republic ($990 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Fresh Chicken Cut in Thailand (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Hong Kong | 4,382 | 4,351 | 4,714 | 4,359 | 4,544 | 4,998 | 4,876 | 5,003 | 4,637 | 5,057 | 5,487 | 5,655 | 5,645 |
| Singapore | 4,221 | 4,267 | 4,746 | 4,798 | 4,847 | 5,129 | 4,988 | 5,079 | 4,840 | 4,726 | 4,858 | 5,003 | 5,028 |
| Cambodia | 1,496 | 2,018 | 2,369 | 2,295 | 2,177 | 2,032 | 1,811 | 1,072 | 1,254 | 1,642 | 1,420 | N/A | 1,826 |
| Myanmar | 1,469 | 1,551 | 1,503 | 1,522 | 1,477 | 1,399 | 1,441 | 1,497 | 1,466 | 1,622 | 1,856 | 1,854 | 1,822 |
| Lao People's Democratic Republic | 1,261 | 1,316 | 1,247 | 1,292 | 1,206 | 1,280 | 1,303 | 1,429 | 1,226 | 1,157 | 1,127 | 1,195 | 990 |
| Average | 2,381 | 2,445 | 2,967 | 2,845 | 2,736 | 2,458 | 2,115 | 2,044 | 2,004 | 2,209 | 2,520 | 2,623 | 2,488 |
Thailand Fresh Chicken Cut Exports
In June 2023, approximately 601 tons of fresh or chilled cuts of chicken were exported from Thailand; with a decrease of -5.5% compared with May 2023. Overall, total exports indicated a pronounced expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports increased by +13.7% against April 2023 indices. The growth pace was the most rapid in December 2022 with an increase of 50% month-to-month.
In value terms, fresh chicken cut exports reduced to $1.5M (IndexBox estimates) in June 2023. Over the period under review, total exports indicated measured growth from June 2022 to June 2023: its value increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports increased by +5.8% against December 2022 indices. The most prominent rate of growth was recorded in December 2022 when exports increased by 29% month-to-month.
Thailand Fresh Chicken Cut Exports by Country
Myanmar (452 tons) was the main destination for fresh chicken cut exports from Thailand, with a 75% share of total exports. Moreover, fresh chicken cut exports to Myanmar exceeded the volume sent to the second major destination, Hong Kong (86 tons), fivefold. Singapore (29 tons) ranked third in terms of total exports with a 4.9% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume to Myanmar stood at +3.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Hong Kong (-0.5% per month) and Singapore (-5.8% per month).
In value terms, Myanmar ($824K), Hong Kong ($483K) and Singapore ($148K) appeared to be the largest markets for fresh chicken cut exported from Thailand worldwide, with a combined 97% share of total exports. These countries were followed by Lao People's Democratic Republic and Cambodia, which together accounted for a further 2.7%.
Lao People's Democratic Republic, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the fresh chicken cut market in Thailand. 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 2030.
Product coverage:
- Prodcom 10121050 - Fresh or chilled cuts of chicken
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
