ASEAN: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in ASEAN

In 2021, after two years of decline, there was growth in the ASEAN fresh chicken cut market, when its value increased by 2.9% to $X. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fresh Chicken Cut Production in ASEAN

In value terms, fresh chicken cut production stood at $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20% 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.

Indonesia (X tons) remains the largest fresh chicken cut producing country in ASEAN, comprising approx. 37% of total volume. Moreover, fresh chicken cut production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), twofold. Vietnam (X tons) ranked third in terms of total production with a 14% share.

From 2012 to 2021, the average annual growth rate of volume in Indonesia amounted to +2.5%. In the other countries, the average annual rates were as follows: the Philippines (+4.1% per year) and Vietnam (+3.1% per year).

Fresh Chicken Cut Exports

Exports in ASEAN

After two years of decline, overseas shipments of fresh or chilled cuts of chicken increased by 39% to X tons in 2021. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 105%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, fresh chicken cut exports rose rapidly to $X in 2021. In general, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 218%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, amounting to X tons, which was near 96% of total exports in 2021. Malaysia (X tons) took a minor share of total exports.

Thailand was also the fastest-growing in terms of the fresh or chilled cuts of chicken exports, with a CAGR of +3.9% from 2012 to 2021. Malaysia (-15.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +12 percentage points.

In value terms, Thailand ($X) remains the largest fresh chicken cut supplier in ASEAN, comprising 96% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.5% share of total exports.

In Thailand, fresh chicken cut exports expanded at an average annual rate of +6.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with a decrease of -22.2% against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The growth pace was the most rapid in 2018 when the export price increased by 97%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%).

Fresh Chicken Cut Imports

Imports in ASEAN

After two years of decline, supplies from abroad of fresh or chilled cuts of chicken increased by 1.1% to X tons in 2021. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 88%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fresh chicken cut imports shrank to $X in 2021. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 119%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Myanmar was the key importer of fresh or chilled cuts of chicken in ASEAN, with the volume of imports reaching X tons, which was approx. 70% of total imports in 2021. Vietnam (X tons) ranks second in terms of the total imports with an 11% share, followed by Malaysia (9.4%) and Singapore (5.2%). The Philippines (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the fresh or chilled cuts of chicken imports, with a CAGR of +37.4% from 2012 to 2021. At the same time, the Philippines (+33.8%) and Malaysia (+6.5%) displayed positive paces of growth. By contrast, Singapore (-4.8%) and Vietnam (-13.1%) illustrated a downward trend over the same period. While the share of Myanmar (+63 p.p.) and the Philippines (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-7.7 p.p.) and Vietnam (-49 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) constitutes the largest market for imported fresh or chilled cuts of chicken in ASEAN, comprising 69% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by Vietnam, with a 10% share.

In Myanmar, fresh chicken cut imports increased at an average annual rate of +45.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+3.2% per year) and Vietnam (-4.8% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, waning by -15.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 32%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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