Frozen Chicken Price Trend and Forecast

Regional Price trend

Get the latest insights on price movement and trend analysis of Frozen Chicken in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Frozen Chicken Price Trend for the First Half of 2023

The price trend of frozen chicken in the first and second quarters of 2023 was highly affected by global inflation in the prices of food materials. In the US, the rise in the cost of food materials was in double digits as the high cost of labor, adverse effects of the Russia-Ukraine war and weak export rates hampered the growth of frozen chicken prices.

Frozen Chicken Price Chart

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The Russia-Ukraine war depleted the market of several food products and also disrupted the efficiency of global supply chains. After the ease of COVID restrictions, the US food market has shown slow recovery rates, which has affected the overall market sentiments of frozen chicken. In addition to this, the cost of labor in the region has also skyrocketed, increasing the cost of production and further posing a problem for the frozen chicken traders.

The trend of frozen chicken prices was the same in Egypt as it was seen in the US. The market of frozen chicken here was adversely affected by the influx of imports from Brazil, which raised the level of inventories to an alarming level. Due to the rise in stockpiles, the traders had to sell frozen chicken at reduced rates, leading to a decline in the prices of frozen chicken.

Analyst Insight

According to Procurement Resource, the price of Frozen Chicken is expected to fluctuate in the upcoming months as the rates of inflation and supply disruptions caused by the Russia- Ukraine war will influence the frozen chicken prices negatively.

Procurement Resource provides latest prices of Frozen Chicken. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.