ASEAN: Fresh Whole Chicken Market 2024

Fresh Whole Chicken Market Size in ASEAN

The ASEAN fresh whole chicken market stood at $X in 2021, picking up by 1.6% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Fresh Whole Chicken Production in ASEAN

In value terms, fresh whole chicken production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Indonesia (X tons) constituted the country with the largest volume of fresh whole chicken production, comprising approx. 40% of total volume. Moreover, fresh whole chicken production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. The third position in this ranking was held by the Philippines (X tons), with a 12% share.

In Indonesia, fresh whole chicken production expanded at an average annual rate of +2.5% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+1.7% per year) and the Philippines (+4.2% per year).

Fresh Whole Chicken Exports

Exports in ASEAN

In 2021, the amount of fresh or chilled whole chickens exported in ASEAN skyrocketed to X tons, with an increase of 41% on 2020 figures. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,292%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, fresh whole chicken exports surged to $X in 2021. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 880%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the largest exporter of fresh or chilled whole chickens in ASEAN, achieving 98% of total export.

Thailand was also the fastest-growing in terms of the fresh or chilled whole chickens exports, with a CAGR of +26.4% from 2012 to 2021. While the share of Thailand (+32 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest fresh whole chicken supplier in ASEAN.

In Thailand, fresh whole chicken exports expanded at an average annual rate of +25.6% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 3.8% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 when the export price increased by 162% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to -0.7% per year.

Fresh Whole Chicken Imports

Imports in ASEAN

Fresh whole chicken imports dropped to X tons in 2021, with a decrease of -4.6% against the previous year's figure. Overall, imports faced a abrupt decline. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fresh whole chicken imports reduced dramatically to $X in 2021. In general, imports saw a deep downturn. The smallest decline of -5.6% was in 2016. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam represented the main importer of fresh or chilled whole chickens in ASEAN, with the volume of imports recording X tons, which was near 79% of total imports in 2021. Myanmar (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (5.8%). Singapore (X tons) followed a long way behind the leaders.

Imports into Vietnam decreased at an average annual rate of -21.2% from 2012 to 2021. At the same time, Singapore (+45.0%) and Myanmar (+12.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +45.0% from 2012-2021. By contrast, the Philippines (-12.8%) illustrated a downward trend over the same period. Myanmar (+11 p.p.), the Philippines (+3 p.p.) and Singapore (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -15.6% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported fresh or chilled whole chickens in ASEAN, comprising 70% of total imports. The second position in the ranking was held by Myanmar ($X), with a 12% share of total imports. It was followed by Singapore, with a 9% share.

In Vietnam, fresh whole chicken imports decreased by an average annual rate of -19.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Myanmar (+20.3% per year) and Singapore (+42.6% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, waning by -15.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 when the import price increased by 28%. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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