Asia-Pacific: Chicken Table Egg Market 2024

Chicken Table Egg Market Size in Asia-Pacific

The Asia-Pacific chicken table egg market fell to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the market value increased by 8.4%. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Chicken Table Egg Production in Asia-Pacific

In value terms, chicken table egg production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 8.3% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

China (X tons) remains the largest chicken table egg producing country in Asia-Pacific, accounting for 59% of total volume. Moreover, chicken table egg production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. Indonesia (X tons) ranked third in terms of total production with a 10% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.0%. In the other countries, the average annual rates were as follows: India (+6.3% per year) and Indonesia (+16.3% per year).

Chicken Table Egg Exports

Exports in Asia-Pacific

In 2022, approx. X tons of chicken table eggs were exported in Asia-Pacific; increasing by 24% on the year before. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chicken table egg exports skyrocketed to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), Malaysia (X tons) and Thailand (X tons), together accounting for 80% of total export. Japan (X tons) took the next position in the ranking, followed by India (X tons). All these countries together took approx. 17% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +48.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chicken table egg supplying countries in Asia-Pacific were China ($X), Malaysia ($X) and Japan ($X), together accounting for 83% of total exports.

Japan, with a CAGR of +42.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 12%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Chicken Table Egg Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of chicken table eggs, when their volume decreased by -11.2% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, chicken table egg imports soared to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR represented the major importer of chicken table eggs in Asia-Pacific, with the volume of imports reaching X tons, which was approx. 57% of total imports in 2022. Singapore (X tons) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (6.6%) and Macao SAR (4.5%).

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Singapore ($X) and Macao SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 92% of total imports. Afghanistan lagged somewhat behind, accounting for a further 3.5%.

Among the main importing countries, Afghanistan, with a CAGR of +37.5%, recorded the highest growth rate of the value of imports, 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-Pacific stood at $X per ton in 2022, with an increase of 33% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform