Fresh Chicken Cut Market

The global fresh chicken cut market is projected to see growth in both consumption and value over the next eight years, with a forecasted CAGR of +4.8% and +6.5% respectively. In 2022, global consumption slightly contracted but showed strong growth from 2012 to 2022. China, the United States, and India were the top consuming countries. Production also saw a slight decrease in 2022 but had shown a remarkable increase over the last decade. The top importers and exporters of fresh chicken cuts were identified, with notable growth rates recorded in certain countries. Overall, the market is expected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for fresh or chilled cuts of chicken worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market volume to 80M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.5% for the period from 2022 to 2030, which is projected to bring the market value to $260.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fresh Or Chilled Cuts Of Chicken

In 2022, global fresh chicken cut consumption contracted modestly to 55M tons, dropping by -4.8% compared with 2021 figures. Overall, the total consumption indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +5.9% against 2020 indices. Over the period under review, global consumption reached the maximum volume at 57M tons in 2021, and then dropped slightly in the following year.

The global fresh chicken cut market value contracted slightly to $157.5B in 2022, with a decrease of -2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +10.0% against 2020 indices. Global consumption peaked at $161.4B in 2021, and then dropped modestly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (7.8M tons), the United States (4.1M tons) and India (2.6M tons), together comprising 27% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United States (with a CAGR of +14.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($31.3B) led the market, alone. The second position in the ranking was taken by Nigeria ($6.8B). It was followed by Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +1.9%. The remaining consuming countries recorded the following average annual rates of market growth: Nigeria (+9.0% per year) and Indonesia (-0.6% per year).

The countries with the highest levels of fresh chicken cut per capita consumption in 2022 were Poland (24 kg per person), the United States (12 kg per person) and Russia (9.9 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +14.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Fresh Or Chilled Cuts Of Chicken

Global fresh chicken cut production shrank slightly to 55M tons in 2022, waning by -4.6% on the previous year's figure. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. Over the period under review, global production hit record highs at 58M tons in 2021, and then contracted in the following year. The general positive trend in terms output was largely conditioned by a buoyant increase of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, fresh chicken cut production contracted modestly to $158.6B in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18%. Over the period under review, global production hit record highs at $173.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (7.8M tons), the United States (4.7M tons) and India (2.6M tons), together accounting for 28% of global production.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Fresh Or Chilled Cuts Of Chicken

Global fresh chicken cut imports amounted to 2.7M tons in 2022, leveling off at the previous year's figure. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +53.7% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, fresh chicken cut imports soared to $7.2B in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +53.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

The purchases of the five major importers of fresh or chilled cuts of chicken, namely Mexico, the Netherlands, Germany, France and the UK, represented more than two-thirds of total import. It was distantly followed by Belgium (177K tons), constituting a 6.5% share of total imports. Canada (101K tons), Slovakia (58K tons), Austria (57K tons) and Hungary (54K tons) took a relatively small 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 Slovakia (with a CAGR of +19.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fresh chicken cut importing markets worldwide were the UK ($1.3B), France ($1.1B) and Germany ($922M), with a combined 46% share of global imports. The Netherlands, Mexico, Canada, Belgium, Slovakia, Austria and Hungary lagged somewhat behind, together comprising a further 35%.

Hungary, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average fresh chicken cut import price amounted to $2,608 per ton, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import 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 importers, the country with the highest price was the UK ($4,290 per ton), while Mexico ($1,071 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Fresh Or Chilled Cuts Of Chicken

In 2022, approx. 3.2M tons of fresh or chilled cuts of chicken were exported worldwide; with an increase of 4.9% against the previous year's figure. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2012 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 15% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, fresh chicken cut exports surged to $8B in 2022. In general, total exports indicated a strong 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, exports increased by +51.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports By Country

In 2022, Poland (641K tons), the United States (624K tons) and the Netherlands (613K tons) was the main exporter of fresh or chilled cuts of chicken in the world, making up 59% of total export. It was distantly followed by Belgium (285K tons) and Germany (200K tons), together mixing up a 15% share of total exports. The following exporters - the UK (128K tons), France (118K tons), Hungary (79K tons), Sweden (73K tons) and Ukraine (50K tons) - together made up 14% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ukraine (with a CAGR of +122.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest fresh chicken cut supplying countries worldwide were Poland ($2.2B), the Netherlands ($1.7B) and the United States ($900M), with a combined 60% share of global exports. Belgium, Germany, Hungary, France, Ukraine, the UK and Sweden lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, Ukraine, with a CAGR of +132.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average fresh chicken cut export price amounted to $2,511 per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($3,432 per ton), while Sweden ($501 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform