Asia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

The Asian meat meals and pellets market stood at $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

In value terms, meat meals and pellets production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Asia

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were exported in Asia; picking up by 21% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +135.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports surged to $X in 2021. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 237%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by Iran (X tons), Oman (X tons), Turkey (X tons), the Philippines (X tons), Vietnam (X tons) and Cyprus (X tons) were the key exporters of flours, meals and pellets of meat or meat offal, together constituting 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +117.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest meat meals and pellets supplier in Asia, comprising 31% of total exports. The second position in the ranking was held by Oman ($X), with a 15% share of total exports. It was followed by Iran, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +26.7%. In the other countries, the average annual rates were as follows: Oman (+70.0% per year) and Iran (+43.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 88%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Asia

For the fourth consecutive year, Asia recorded growth in supplies from abroad of flours, meals and pellets of meat or meat offal, which increased by 14% to X tons in 2021. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, meat meals and pellets imports surged to $X in 2021. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Vietnam (X tons), distantly followed by Indonesia (X tons), China (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) were the major importers of flours, meals and pellets of meat or meat offal, together generating 85% of total imports. Myanmar (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +106.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets importing markets in Asia were Vietnam ($X), Indonesia ($X) and China ($X), together comprising 61% of total imports. Thailand, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further 28%.

Myanmar, with a CAGR of +71.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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