Southern Asia: Chicken Meat Market 2024

Chicken Meat Market Size in Southern Asia

In 2021, the South Asian chicken meat market decreased by -4.1% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Chicken Meat Production in Southern Asia

In value terms, chicken meat production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 18% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

India (X tons) remains the largest chicken meat producing country in Southern Asia, accounting for 59% of total volume. Moreover, chicken meat production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total production with a 3.7% share.

In India, chicken meat production increased at an average annual rate of +3.5% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+9.0% per year) and Sri Lanka (+6.9% per year).

In 2021, the average yield of chicken meat in Southern Asia fell to X kg per head, reducing by -10.7% against the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by 10%. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield remained at a lower figure.

The global number of animals slaughtered for chicken meat production rose modestly to X heads in 2021, growing by 2.7% against the year before. This number increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 15% against the previous year. The level of producing animals peaked in 2021 and is likely to continue growth in years to come.

Chicken Meat Exports

Exports in Southern Asia

In 2021, the amount of chicken meat exported in Southern Asia reached X tons, picking up by 2.3% against the year before. Total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -40.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, chicken meat exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 49%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) and Pakistan (X tons) represented roughly 87% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), comprising a 13% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Pakistan (with a CAGR of +8.8%), while the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest chicken meat supplier in Southern Asia, comprising 59% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-0.7% per year) and Sri Lanka (+3.5% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Chicken Meat Imports

Imports in Southern Asia

In 2021, overseas purchases of chicken meat were finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 26%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, chicken meat imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Afghanistan represented the key importer of chicken meat in Southern Asia, with the volume of imports recording X tons, which was near 70% of total imports in 2021. It was distantly followed by Maldives (X tons), creating a 25% share of total imports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to chicken meat imports into Afghanistan stood at -2.6%. At the same time, Bhutan (+15.3%) and Maldives (+8.5%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.3% from 2012-2021. While the share of Maldives (+14 p.p.) and Bhutan (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-13.8 p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X), Maldives ($X) and Bhutan ($X) were the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

In terms of the main importing countries, Bhutan, with a CAGR of +15.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bhutan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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