The 'One and Only' singer suffered a severe ankle sprain and a fractured fibula while practising basic steps with dance partner Jodeyne Higgins.
The competition's physio informed Hawkes that he would no longer be able to take part in the competition.
© ITV
Chico, who shot to fame during the 2005 series of The X Factor, wished Hawkes a quick recovery.
Chico said: "Whilst I'm really excited about being part of the new series of Dancing on Ice it's not necessarily in the best of circumstances. I wish Chesney all the best and a speedy recovery. I will not just be skating for myself I will be skating for Chesney as well and do him proud."
Hawkes added: "I am gutted not to be taking part in Dancing on Ice. I was having a brilliant time and couldn't wait to finally be skating live on national TV!
"It wasn't even a spectacular fall, it was a slight stumble as I practised with my skating partner. I think my children are the most disappointed; they were so excited at the prospect of watching me skate."
© ITV
He vowed: "I'm determined to be back on the ice, I might not be able to appear in this series but hoping I will be able to appear in the show next year!"
Dancing on Ice starts on Sunday (January 8) at 6.30pm on ITV1.
> Dancing on Ice Heidi Range interview: 'Sugababes haven't split up'
Watch the video for Chico's 2006 single 'It's Chico Time' below:
Scroll through a gallery of this year's Dancing on Ice contestants below:
