Thai Chicken Export 65 Opportunities… Under the Global Food Crisis
Global Concerns Over the Global Food Crisis As a result, in many countries there is a demand and an attempt to reserve more food products, one of which is chicken products. Recently, on June 1, 2022, Malaysia has suspended exports of chicken products.
Heavy impact on key trading partners such as Singapore, who have to expedite importing chicken products from new trading partners Meanwhile, Ukraine, which is facing a crisis, has also reduced exports of chicken products. affecting the destination market that must find new import markets to compensate whether it is the European Union, Britain, Saudi Arabia United Arab Emirates, etc., which is the main cause of the problem. due to the tight supply situation in the world market from rising production costs upstream (Feed raw materials) Energy cost/transportation cost
to downstream products (chicken products), which, under the crisis It may be an opportunity for Thailand to export chicken products to meet the demand in these markets. As a world’s leading producer and exporter of chicken products
However, the outlook for Thai chicken exports for the remainder of 2022 is likely to continue to be supported by gradually recovering demand from trading partners such as Japan, the European Union (by opening up the country), the UK (by virtue of trade agreements).
South Korea (chicken factory certification in Thailand) as well as increased demand from new markets with more orders such as Saudi Arabia (Find a replacement market for Ukraine and cancel measures prohibiting the import of chicken from Thailand)
Singapore (find a replacement market from Malaysia), Malaysia (increased imports from a shortage of domestic chicken meat). can assess whether The value of Thai chicken products exports to the world market in 2022 is expected to be at USD 3,510-3.6 billion (expanding 7.5-10.0% YoY) when compared to a 2.4% YoY contraction in 2021. but also hidden with challenges both economic direction and inflation in trading partner countries The cost of transportation and freight is still high.
The situation of labor shortage in the manufacturing sector may limit the acceptance of increased orders. the possibility that other countries may take additional security measures within its own country
as well as other factors which may affect the balance of production and demand in the world market in the future, for example, the detection of H5N1/H3N8 bird flu in some countries is still an issue that needs to be monitored. because such factors may affect the manufacturing sector export and domestic retail prices of Thai chicken products.
While the domestic chicken price situation Continue to be affected by the global food crisis transmitted to domestic prices. Especially in terms of rising raw material costs such as soybean meal and corn (because Thailand has to rely on imports in a high proportion. amidst the situation of the Thai baht that tends to depreciate) and transportation costs that are likely to increase in line with the direction of oil prices in the world market.
While there is still a demand for chicken to replace pork. which the productivity is likely to not return to normal Including labor shortages in the manufacturing sector. As a result, the price of chicken products can still move higher compared to the first half of the year.
retail price of chicken meat (Fresh whole chicken including giblets) The average for 2022 should be at 70-73 baht/kg, compared to the average of 62.15 baht/kg in 2021 (an increase of 12-17%YoY). Therefore, with the direction The price of chicken products remained at a high level. This may have a limited effect on the consumption growth rate. In the midst of the situation of inflation that is accelerating and affecting consumers’ purchasing decisions
Thai Chicken Export 65 Opportunities… Under the Global Food Crisis
Global Concerns Over the Global Food Crisis As a result, in many countries there is a demand and an attempt to reserve more food products, one of which is chicken products. Recently, on June 1, 2022, Malaysia has suspended exports of chicken products.
Heavy impact on key trading partners such as Singapore, who have to expedite importing chicken products from new trading partners Meanwhile, Ukraine, which is facing a crisis, has also reduced exports of chicken products. affecting the destination market that must find new import markets to compensate whether it is the European Union, Britain, Saudi Arabia United Arab Emirates, etc., which is the main cause of the problem. due to the tight supply situation in the world market from rising production costs upstream (Feed raw materials) Energy cost/transportation cost
to downstream products (chicken products), which, under the crisis It may be an opportunity for Thailand to export chicken products to meet the demand in these markets. As a world’s leading producer and exporter of chicken products
However, the outlook for Thai chicken exports for the remainder of 2022 is likely to continue to be supported by gradually recovering demand from trading partners such as Japan, the European Union (by opening up the country), the UK (by virtue of trade agreements).
South Korea (chicken factory certification in Thailand) as well as increased demand from new markets with more orders such as Saudi Arabia (Find a replacement market for Ukraine and cancel measures prohibiting the import of chicken from Thailand)
Singapore (find a replacement market from Malaysia), Malaysia (increased imports from a shortage of domestic chicken meat). can assess whether The value of Thai chicken products exports to the world market in 2022 is expected to be at USD 3,510-3.6 billion (expanding 7.5-10.0% YoY) when compared to a 2.4% YoY contraction in 2021. but also hidden with challenges both economic direction and inflation in trading partner countries The cost of transportation and freight is still high.
The situation of labor shortage in the manufacturing sector may limit the acceptance of increased orders. the possibility that other countries may take additional security measures within its own country
as well as other factors which may affect the balance of production and demand in the world market in the future, for example, the detection of H5N1/H3N8 bird flu in some countries is still an issue that needs to be monitored. because such factors may affect the manufacturing sector export and domestic retail prices of Thai chicken products.
While the domestic chicken price situation Continue to be affected by the global food crisis transmitted to domestic prices. Especially in terms of rising raw material costs such as soybean meal and corn (because Thailand has to rely on imports in a high proportion. amidst the situation of the Thai baht that tends to depreciate) and transportation costs that are likely to increase in line with the direction of oil prices in the world market.
While there is still a demand for chicken to replace pork. which the productivity is likely to not return to normal Including labor shortages in the manufacturing sector. As a result, the price of chicken products can still move higher compared to the first half of the year.
retail price of chicken meat (Fresh whole chicken including giblets) The average for 2022 should be at 70-73 baht/kg, compared to the average of 62.15 baht/kg in 2021 (an increase of 12-17%YoY). Therefore, with the direction The price of chicken products remained at a high level. This may have a limited effect on the consumption growth rate. In the midst of the situation of inflation that is accelerating and affecting consumers’ purchasing decisions
Thai Chicken Export 65 Opportunities… Under the Global Food Crisis
Global Concerns Over the Global Food Crisis As a result, in many countries there is a demand and an attempt to reserve more food products, one of which is chicken products. Recently, on June 1, 2022, Malaysia has suspended exports of chicken products.
Heavy impact on key trading partners such as Singapore, who have to expedite importing chicken products from new trading partners Meanwhile, Ukraine, which is facing a crisis, has also reduced exports of chicken products. affecting the destination market that must find new import markets to compensate whether it is the European Union, Britain, Saudi Arabia United Arab Emirates, etc., which is the main cause of the problem. due to the tight supply situation in the world market from rising production costs upstream (Feed raw materials) Energy cost/transportation cost
to downstream products (chicken products), which, under the crisis It may be an opportunity for Thailand to export chicken products to meet the demand in these markets. As a world’s leading producer and exporter of chicken products
However, the outlook for Thai chicken exports for the remainder of 2022 is likely to continue to be supported by gradually recovering demand from trading partners such as Japan, the European Union (by opening up the country), the UK (by virtue of trade agreements).
South Korea (chicken factory certification in Thailand) as well as increased demand from new markets with more orders such as Saudi Arabia (Find a replacement market for Ukraine and cancel measures prohibiting the import of chicken from Thailand)
Singapore (find a replacement market from Malaysia), Malaysia (increased imports from a shortage of domestic chicken meat). can assess whether The value of Thai chicken products exports to the world market in 2022 is expected to be at USD 3,510-3.6 billion (expanding 7.5-10.0% YoY) when compared to a 2.4% YoY contraction in 2021. but also hidden with challenges both economic direction and inflation in trading partner countries The cost of transportation and freight is still high.
The situation of labor shortage in the manufacturing sector may limit the acceptance of increased orders. the possibility that other countries may take additional security measures within its own country
as well as other factors which may affect the balance of production and demand in the world market in the future, for example, the detection of H5N1/H3N8 bird flu in some countries is still an issue that needs to be monitored. because such factors may affect the manufacturing sector export and domestic retail prices of Thai chicken products.
While the domestic chicken price situation Continue to be affected by the global food crisis transmitted to domestic prices. Especially in terms of rising raw material costs such as soybean meal and corn (because Thailand has to rely on imports in a high proportion. amidst the situation of the Thai baht that tends to depreciate) and transportation costs that are likely to increase in line with the direction of oil prices in the world market.
While there is still a demand for chicken to replace pork. which the productivity is likely to not return to normal Including labor shortages in the manufacturing sector. As a result, the price of chicken products can still move higher compared to the first half of the year.
retail price of chicken meat (Fresh whole chicken including giblets) The average for 2022 should be at 70-73 baht/kg, compared to the average of 62.15 baht/kg in 2021 (an increase of 12-17%YoY). Therefore, with the direction The price of chicken products remained at a high level. This may have a limited effect on the consumption growth rate. In the midst of the situation of inflation that is accelerating and affecting consumers’ purchasing decisions
