MENA: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in MENA

After six years of growth, the MENA's fresh chicken cut market decreased by -4.3% to $X in 2021. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.6% against 2014 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Fresh Chicken Cut Production in MENA

In value terms, fresh chicken cut production fell modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +85.7% against 2014 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

The countries with the highest volumes of production in 2021 were Egypt (X tons), Turkey (X tons) and Iran (X tons), with a combined 45% share of total production. These countries were followed by Saudi Arabia, Algeria, Morocco, Iraq, Yemen, Syrian Arab Republic, Israel, Tunisia, Jordan and Lebanon, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Israel (with a CAGR of +12.1%), while production for the other leaders experienced more modest paces of growth.

Fresh Chicken Cut Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in overseas shipments of fresh or chilled cuts of chicken, which increased by 36% to X tons in 2021. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fresh chicken cut exports skyrocketed to $X in 2021. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) and Jordan (X tons) represented the major exporters of fresh or chilled cuts of chicken in 2021, amounting to near 34% and 23% of total exports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total exports with a 13% share, followed by Oman (12%), Turkey (12%) and Lebanon (4.7%).

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +40.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest fresh chicken cut supplier in MENA, comprising 49% of total exports. The second position in the ranking was held by Jordan ($X), with a 17% share of total exports. It was followed by Oman, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia totaled +43.1%. In the other countries, the average annual rates were as follows: Jordan (+39.0% per year) and Oman (+9.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, jumping by 15% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh chicken cut export price increased by +21.8% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 36%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.0%), while the other leaders experienced more modest paces of growth.

Fresh Chicken Cut Imports

Imports in MENA

In 2021, overseas purchases of fresh or chilled cuts of chicken increased by 67% to X tons, rising for the third year in a row after two years of decline. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 101%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, fresh chicken cut imports soared to $X in 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X tons, which recorded 46% of total imports. Iraq (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (16%), Kuwait (11%) and Bahrain (5.4%). Syrian Arab Republic (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +23.9% from 2012 to 2021. At the same time, Syrian Arab Republic (+28.3%), Kuwait (+19.4%), Saudi Arabia (+14.6%), Bahrain (+9.6%) and Iraq (+4.2%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in MENA, with a CAGR of +28.3% from 2012-2021. The United Arab Emirates (+26 p.p.), Kuwait (+4.2 p.p.), Syrian Arab Republic (+2.1 p.p.) and Saudi Arabia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and Iraq saw its share reduced by -1.7% and -17.3% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fresh or chilled cuts of chicken in MENA, comprising 59% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 9.5% share.

In the United Arab Emirates, fresh chicken cut imports increased at an average annual rate of +25.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+22.0% per year) and Saudi Arabia (+12.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, waning by -4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. The level of import peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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