Northern America: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Northern America

The North American frozen chicken cut market fell to $X in 2022, which is down by -6.3% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +14.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Frozen Chicken Cut Production in Northern America

In value terms, frozen chicken cut production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 21%. The level of production peaked in 2022 and is likely to continue growth in years to come.

The United States (X tons) remains the largest frozen chicken cut producing country in Northern America, comprising approx. 95% of total volume. Moreover, frozen chicken cut production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the United States, frozen chicken cut production remained relatively stable over the period from 2012-2022.

Frozen Chicken Cut Exports

Exports in Northern America

In 2022, overseas shipments of frozen cuts of chicken increased by 5.6% to X tons, rising for the seventh consecutive year after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 5.8% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, frozen chicken cut exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, the United States (X tons) represented the key exporter of frozen cuts of chicken in Northern America, constituting 99% of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of frozen cuts of chicken. The United States (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest frozen chicken cut supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 21%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

Frozen Chicken Cut Imports

Imports in Northern America

For the third year in a row, Northern America recorded growth in supplies from abroad of frozen cuts of chicken, which increased by 13% to X tons in 2022. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, frozen chicken cut imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +81.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the main importer of frozen cuts of chicken, committing 59% of total imports. It was distantly followed by Canada (X tons), committing a 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +5.4%).

In value terms, the United States ($X) constitutes the largest market for imported frozen cuts of chicken in Northern America, comprising 73% of total imports. The second position in the ranking was held by Canada ($X), with a 25% share of total imports.

In the United States, frozen chicken cut imports increased at an average annual rate of +10.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Source: IndexBox Platform

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