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

Frozen Chicken Price Trends and Forecast

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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.

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About

Frozen chicken is chicken that has been frozen to subzero temperatures that helps in preserving meat’s freshness, flavor, nutritional value, and also helps in extending its shelf life. It is available in various formulations and is also altered according to the need. It offers a convenient and easy to make option for a variety of culinary applications ranging from home cooking to industrial food processing.

Product Details

Report Features Details
Product Name Frozen Chicken
Industrial Uses Food processing, Biotechnology, Restaurants, Export and international trade
HS Code 02071200
Supplier Database Tyson Foods, Smithfield Farmland Carrers, Farbest Foods, Agri Globe Company, Golden Broilers, GC America, Wazico Traders
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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