Republic of Korea: Fresh Chicken Cut Market 2025

Fresh Chicken Cut Market Size in Republic of Korea

The South Korean fresh chicken cut market contracted modestly to $X in 2021, falling by -3.2% against the previous year. In general, consumption showed a significant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fresh Chicken Cut Production in Republic of Korea

In value terms, fresh chicken cut production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 66% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fresh Chicken Cut Exports

Exports from Republic of Korea

In 2021, the amount of fresh or chilled cuts of chicken exported from South Korea reduced sharply to X tons, waning by -46.8% compared with the year before. Over the period under review, exports continue to indicate a precipitous contraction. The smallest decline of -24% was in 2017. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fresh chicken cut exports fell remarkably to $X in 2021. Overall, exports continue to indicate a precipitous decline. The smallest decline of -20% was in 2017. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fresh chicken cut exports from South Korea, accounting for a 94% share of total exports. Moreover, fresh chicken cut exports to Hong Kong SAR exceeded the volume sent to the second major destination, the Philippines (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -37.7%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for fresh or chilled cuts of chicken exports from South Korea, comprising 93% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at -31.1%.

Export Prices by Country

In 2021, the average fresh chicken cut export price amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Hong Kong SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+47.5%).

Fresh Chicken Cut Imports

Imports into Republic of Korea

In 2021, overseas purchases of fresh or chilled cuts of chicken decreased by -87.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 14,786%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, fresh chicken cut imports contracted dramatically to $X in 2021. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 18,665% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest fresh chicken cut supplier to South Korea, accounting for a 86% share of total imports. Moreover, fresh chicken cut imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +96.5%.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled cuts of chicken to South Korea, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +50.5%.

Import Prices by Country

In 2021, the average fresh chicken cut import price amounted to $X per ton, surging by 20% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 36%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+22.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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