India: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in India

The Indian frozen poultry liver market totaled $X in 2022, with an increase of 1.8% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Frozen poultry liver consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Frozen Poultry Liver Production in India

In value terms, frozen poultry liver production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 26% against the previous year. Frozen poultry liver production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Poultry Liver Exports

Exports from India

In 2022, shipments abroad of frozen poultry livers and offal decreased by -20.6% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 139%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen poultry liver exports expanded rapidly to $X in 2022. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 152%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bhutan (X tons), Malaysia (X tons) and Bahrain (X tons) were the main destinations of frozen poultry liver exports from India, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X) remains the key foreign market for frozen poultry livers and offal exports from India, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports. It was followed by Maldives, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bhutan totaled +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+10.0% per year) and Maldives (-1.5% per year).

Export Prices by Country

In 2022, the average frozen poultry liver export price amounted to $X per ton, increasing by 44% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Poultry Liver Imports

Imports into India

Frozen poultry liver imports into India skyrocketed to X tons in 2022, growing by 54% compared with the previous year. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,839% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,487% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of frozen poultry liver imports to India, with a combined 99.9% share of total imports.

From 2013 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +38.3%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of frozen poultry livers and offal to India, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Thailand amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-32.5% per year) and Brazil (-23.0% per year).

Import Prices by Country

The average frozen poultry liver import price stood at $X per ton in 2022, picking up by 76% against the previous year. Overall, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+59.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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