Singapore: Chicken Meat Market 2025

Chicken Meat Market Size in Singapore

In 2021, after three years of growth, there was significant decline in the Singaporean chicken meat market, when its value decreased by -16% to $X. Over the period under review, consumption continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.4% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chicken Meat Production in Singapore

In value terms, chicken meat production rose sharply to $X in 2021 estimated in export price. Overall, production showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

In 2021, the average chicken meat yield in Singapore was estimated at X kg per head, remaining stable against 2020. Overall, the yield showed a slight descent. The pace of growth was the most pronounced in 2018 when the yield increased by 20%. The chicken meat yield peaked at X kg per head in 2014; however, from 2015 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for chicken meat production in Singapore dropped to X heads, waning by -5.4% against 2020 figures. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the number of producing animals increased by 6.4% against the previous year. As a result, the amount of producing animals attained the peak level of X heads. From 2019 to 2021, the growth of this number remained at a somewhat lower figure.

Chicken Meat Exports

Exports from Singapore

In 2021, overseas shipments of chicken meat increased by 448% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 490% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, chicken meat exports skyrocketed to $X in 2021. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X tons), Oman (X tons) and Brazil (X tons) were the main destinations of chicken meat exports from Singapore, with a combined 64% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +580.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chicken meat exported from Singapore were Oman ($X), Maldives ($X) and Brazil ($X), with a combined 72% share of total exports.

Among the main countries of destination, Oman, with a CAGR of +645.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chicken meat export price amounted to $X per ton, increasing by 22% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chicken Meat Imports

Imports into Singapore

After three years of growth, supplies from abroad of chicken meat decreased by -11.5% to X tons in 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, chicken meat imports fell slightly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 9.3%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of chicken meat to Singapore, accounting for a 72% share of total imports. Moreover, chicken meat imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.3% per year) and Thailand (+249.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of chicken meat to Singapore, comprising 75% of total imports. The second position in the ranking was held by Thailand ($X), with a 6.7% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+242.9% per year) and the United States (-11.7% per year).

Import Prices by Country

The average chicken meat import price stood at $X per ton in 2021, growing by 8.8% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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