Asia-Pacific: Frozen Whole Chicken Market 2022

Frozen Whole Chicken Market Size in Asia-Pacific

The Asia-Pacific frozen whole chicken market amounted to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Frozen Whole Chicken Production in Asia-Pacific

In value terms, frozen whole chicken production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

China (X tons) remains the largest frozen whole chicken producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, frozen whole chicken production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

In China, frozen whole chicken production declined by an average annual rate of -X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: India (-X% per year) and Indonesia (-X% per year).

Frozen Whole Chicken Exports

Exports in Asia-Pacific

In 2021, after three years of growth, there was decline in overseas shipments of frozen whole chickens, when their volume decreased by -X% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, frozen whole chicken exports shrank to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea was the key exporter of frozen whole chickens in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2021. Singapore (X tons) ranks second in terms of the total exports with an X% share, followed by Malaysia (X%), New Zealand (X%) and China (X%). The following exporters - Australia (X tons) and India (X tons) - each recorded an X% share of total exports.

South Korea was also the fastest-growing in terms of the frozen whole chickens exports, with a CAGR of +X% from 2012 to 2021. At the same time, Malaysia (+X%), New Zealand (+X%), Singapore (+X%) and Australia (+X%) displayed positive paces of growth. By contrast, India (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.), Malaysia (+X p.p.), New Zealand (+X p.p.) and Singapore (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest frozen whole chicken supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-X% per year) and New Zealand (+X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Whole Chicken Imports

Imports in Asia-Pacific

In 2021, imports of frozen whole chickens in Asia-Pacific amounted to X tons, surging by X% compared with 2020. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, frozen whole chicken imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Japan (X tons), Afghanistan (X tons), Hong Kong SAR (X tons), Maldives (X tons) and China (X tons) were the largest importers of frozen whole chickens, together mixing up X% of total imports. Timor-Leste (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Afghanistan, Maldives, China and Timor-Leste lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :