1、CHILLED,FROZEN AND PROCESSED CHICKEN INDUSTRYChaiwat SowcharoensukC+662 296 2000 Ext.50880THAILAND INDUSTRY OUTLOOK 2021-23October 20201Krungsri ResearchKrungsri Research expects output of chilled,frozen and processed chicken products to increase by an annual average rate of 3-5%during 2021-2023 sup

2、ported by a gradual recovery in consumer purchasing power.Chicken is low in fat and is attractively priced relative to other meats,which will help to lift domestic sales.Exports will be boosted by strong consumer demand in overseas markets,including China and Japan.Thai chicken exports will also ben

3、efit from international confidence in Thailands high production standards and the free-trade agreements with several trade partners,which would help to sustain competitive advantages for Thai products in world markets.Nevertheless,operators could face rising cost of inputs(principally chicken meat)w

4、hich is being affected by the price of animal feed and stiffer competition from other chicken-exporting nations.This may weigh on industry profits but that should remain healthy.OverviewChicken has the advantage of having the richest protein content than any commercially-farmed land animal1/(pork an

5、d beef are in 2ndand 3rdplace,respectively)and has low fat content.And because they mature quickly,chicken flocks return profits over a short time-span.As a commercial undertaking,raising chickens also benefits from the animals high conversion rate2/and relative resistance to disease.The result is t

6、hat chicken is farmed and consumed in greater quantities than any other animal(Figure 1);per capita global consumption3/averages 14.8 kilograms/person/year,compared to 11.1 kilograms for pork and 6.4 kilograms for beef(2019 data).The bulk of the consumable output of the chicken industry is in the fo