ASEAN: Poultry Incubator Market 2024

Poultry Incubator Market Size in ASEAN

The ASEAN poultry incubator market contracted to $X in 2022, declining by -8.6% against the previous year. In general, consumption, however, showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in ASEAN

In value terms, poultry incubator production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Poultry Incubator Exports

Exports in ASEAN

In 2022, overseas shipments of poultry incubators and brooders were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 33%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry incubator exports stood at $X in 2022. In general, exports, however, saw a pronounced downturn. The growth pace was the most rapid in 2014 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia dominates exports structure, finishing at X units, which was near 90% of total exports in 2022. It was distantly followed by Myanmar (X units), committing a 5.8% share of total exports. Singapore (X units) followed a long way behind the leaders.

Exports from Malaysia decreased at an average annual rate of -5.8% from 2012 to 2022. At the same time, Myanmar (+71.3%) and Singapore (+5.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +71.3% from 2012-2022. From 2012 to 2022, the share of Myanmar and Singapore increased by +5.8 and +1.5 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest poultry incubator supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was held by Myanmar ($X), with a 5.6% share of total exports.

In Malaysia, poultry incubator exports decreased by an average annual rate of -4.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+128.6% per year) and Singapore (+2.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+34.3%), while the other leaders experienced mixed trends in the export price figures.

Poultry Incubator Imports

Imports in ASEAN

In 2022, supplies from abroad of poultry incubators and brooders was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, showed a abrupt slump. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, poultry incubator imports soared to $X in 2022. Overall, imports, however, recorded a abrupt decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) represented the key importer of poultry incubators and brooders, constituting 49% of total imports. Thailand (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (14%), Vietnam (12%) and Malaysia (5.6%). Myanmar (X units) took a relatively small share of total imports.

Imports into Indonesia decreased at an average annual rate of -8.4% from 2012 to 2022. At the same time, Vietnam (+15.7%) and Myanmar (+10.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +15.7% from 2012-2022. By contrast, the Philippines (-5.7%), Thailand (-6.5%) and Malaysia (-14.0%) illustrated a downward trend over the same period. While the share of Vietnam (+10 p.p.), Myanmar (+1.8 p.p.) and the Philippines (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-6.8 p.p.) and Indonesia (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported poultry incubators and brooders in ASEAN, comprising 40% of total imports. The second position in the ranking was held by the Philippines ($X), with a 17% share of total imports. It was followed by Vietnam, with a 16% share.

In Indonesia, poultry incubator imports decreased by an average annual rate of -6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (-0.6% per year) and Vietnam (+17.7% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, declining by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform