ASEAN: Chicken Meat Market 2024

Chicken Meat Market Size in ASEAN

In 2022, the ASEAN chicken meat market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Chicken Meat Production in ASEAN

In value terms, chicken meat production amounted to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The country with the largest volume of chicken meat production was Indonesia (X tons), accounting for X% of total volume. Moreover, chicken meat production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. Malaysia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (X% per year) and Malaysia (X% per year).

In 2022, the average yield of chicken meat in ASEAN reduced modestly to X kg per head, declining by X% compared with the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by X% against the previous year. Over the period under review, the chicken meat yield hit record highs at X kg per head in 2014; afterwards, it flattened through to 2022.

In 2022, number of animals slaughtered for chicken meat production in ASEAN reduced to X heads, remaining relatively unchanged against the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of producing animals peaked at X heads in 2019; however, from 2020 to 2022, producing animals stood at a somewhat lower figure.

Chicken Meat Exports

Exports in ASEAN

Chicken meat exports fell modestly to X tons in 2022, shrinking by X% compared with 2021. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chicken meat exports surged to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Thailand dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), generating a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Singapore increased by X and X percentage points, respectively.

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

In Thailand, chicken meat exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Chicken Meat Imports

Imports in ASEAN

For the ninth year in a row, ASEAN recorded growth in purchases abroad of chicken meat, which increased by X% to X tons in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, chicken meat imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines represented the main importer of chicken meat in ASEAN, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Singapore (X tons) held the second position in the ranking, followed by Malaysia (X tons) and Vietnam (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chicken meat imports into the Philippines stood at X%. At the same time, Malaysia (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, the largest chicken meat importing markets in ASEAN were the Philippines ($X), Singapore ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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