Thailand - Frozen Cuts Of Chicken - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Chicken Cut Price in Thailand - 2023
Contents:
- Frozen Chicken Cut Price in Thailand (FOB) - 2022
- Frozen Chicken Cut Price in Thailand (CIF) - 2022
- Frozen Chicken Cut Exports in Thailand
- Frozen Chicken Cut Imports in Thailand
Frozen Chicken Cut Price in Thailand (FOB) - 2022
The average frozen chicken cut export price stood at $3,187 per ton in 2022, with an increase of 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,435 per ton), while the average price for exports to Cambodia ($1,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Chicken Cut Price in Thailand (CIF) - 2022
In 2021, the average frozen chicken cut import price amounted to $2,760 per ton, rising by 172% against the previous year. In general, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($710 per ton), while the price for Iran amounted to $585 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.1%), while the prices for the other major suppliers experienced a decline.
Frozen Chicken Cut Exports in Thailand
In 2022, frozen chicken cut exports from Thailand amounted to 349K tons, remaining constant against the previous year. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 4.6%.
In value terms, frozen chicken cut exports soared to $1.1B in 2022. The total export value increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Frozen Chicken Cut in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 342 | 331 | 348 | 423 | 7.3% |
China | 222 | 354 | 326 | 379 | 19.5% |
Malaysia | 79.7 | 79.4 | 88.8 | 163 | 26.9% |
Hong Kong SAR | 17.3 | 33.3 | 33.6 | 38.9 | 31.0% |
South Korea | 27.2 | 19.3 | 32.6 | 36.0 | 9.8% |
Netherlands | 9.1 | 4.6 | 8.7 | 18.6 | 26.9% |
Cambodia | 6.0 | 6.7 | 7.9 | 8.8 | 13.6% |
Lao People's Democratic Republic | 35.2 | 5.6 | 5.7 | 5.2 | -47.1% |
Others | 37.3 | 37.3 | 27.9 | 40.5 | 2.8% |
Total | 775 | 871 | 880 | 1,112 | 12.8% |
Top Export Markets for Frozen Chicken Cut from Thailand in 2022:
- Japan (135.7K tons)
- China (85.4K tons)
- Malaysia (71.9K tons)
- South Korea (12.2K tons)
- Hong Kong SAR (10.5K tons)
- Cambodia (8.1K tons)
- Netherlands (5.7K tons)
- Lao People's Democratic Republic (4.2K tons)
Frozen Chicken Cut Imports in Thailand
In 2022, purchases abroad of frozen cuts of chicken decreased by -0.5% to 929 tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 155% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen chicken cut imports surged to $3.1M in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 160% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Frozen Chicken Cut in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Brazil | 115 | 100 | 19.2 | -59.1% | |
Iran | N/A | N/A | 15.8 | 0% | |
Russia | N/A | 35.6 | N/A | 0% | |
Ukraine | N/A | 110 | N/A | 0% | |
Turkey | N/A | 456 | N/A | 0% | |
India | 153 | N/A | N/A | 0% | |
Poland | N/A | 17.4 | N/A | 0% | |
Denmark | N/A | 23.0 | N/A | 0% | |
Pakistan | 113 | 33.9 | N/A | -70.0% | |
Others | 24.1 | 277 | 2,543 | 927.2% | |
Total | 405 | 1,054 | 2,578 | 152.3% |
Top Suppliers of Frozen Chicken Cut to Thailand in 2022:
- Brazil (27.0 tons)
- Iran (27.0 tons)
This report provides an in-depth analysis of the frozen chicken cut market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10122053 - Frozen cuts of chicken
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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