Southern Asia: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Southern Asia

The South Asian frozen chicken cut market contracted modestly to $X in 2022, which is down by -1.8% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Frozen Chicken Cut Production in Southern Asia

In value terms, frozen chicken cut production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

India (X tons) remains the largest frozen chicken cut producing country in Southern Asia, comprising approx. 68% of total volume. Moreover, frozen chicken cut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fivefold. Pakistan (X tons) ranked third in terms of total production with a 12% share.

In India, frozen chicken cut production expanded at an average annual rate of +7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+2.0% per year) and Pakistan (+0.5% per year).

Frozen Chicken Cut Exports

Exports in Southern Asia

In 2022, shipments abroad of frozen cuts of chicken decreased by -47.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 68%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, frozen chicken cut exports fell rapidly to $X in 2022. Over the period under review, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2013 when exports increased by 73%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) and Pakistan (X tons) represented the key exporters of frozen cuts of chicken in Southern Asia, together constituting 87% of total exports. It was distantly followed by Sri Lanka (X tons), constituting a 10% share of total exports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bhutan (with a CAGR of +11.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X) emerged as the largest frozen chicken cut supplier in Southern Asia, comprising 62% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 21% share of total exports. It was followed by Pakistan, with a 14% share.

In India, frozen chicken cut exports increased at an average annual rate of +14.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+2.5% per year) and Pakistan (-13.0% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by 51% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.9%), while the other leaders experienced mixed trends in the export price figures.

Frozen Chicken Cut Imports

Imports in Southern Asia

In 2022, supplies from abroad of frozen cuts of chicken increased by 0.9% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 38% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen chicken cut imports reduced to $X in 2022. In general, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of 32%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the major importer of frozen cuts of chicken in Southern Asia, with the volume of imports recording X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Maldives (X tons), constituting a 15% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen chicken cut imports into Afghanistan stood at -5.5%. At the same time, Maldives (+7.9%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +7.9% from 2012-2022. From 2012 to 2022, the share of Maldives increased by +11 percentage points.

In value terms, Afghanistan ($X) constitutes the largest market for imported frozen cuts of chicken in Southern Asia, comprising 72% of total imports. The second position in the ranking was held by Maldives ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan totaled -6.8%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, declining by -11.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Afghanistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (-1.4%).

Source: IndexBox Platform

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