Asia-Pacific: Egg Product Market 2024

Egg Product Market Size in Asia-Pacific

In 2021, after two years of growth, there was significant decline in the Asia-Pacific egg product market, when its value decreased by -5.3% to $X. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Egg Product Production in Asia-Pacific

In value terms, egg product production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Egg Product Exports

Exports in Asia-Pacific

In 2021, approx. X tons of egg products were exported in Asia-Pacific; rising by 29% compared with 2020. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, egg product exports surged to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China was the largest exporter of egg products in Asia-Pacific, with the volume of exports finishing at X tons, which was near 42% of total exports in 2021. It was distantly followed by India (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons), together committing a 47% share of total exports. The following exporters - Vietnam (X tons) and Malaysia (X tons) - each resulted at an 8.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest egg product supplying countries in Asia-Pacific were China ($X), India ($X) and Thailand ($X), together accounting for 83% of total exports. These countries were followed by Taiwan (Chinese), Vietnam and Malaysia, which together accounted for a further 13%.

In terms of the main exporting countries, Malaysia, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, 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 2021, with a decrease of -3.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 15%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the other leaders experienced more modest paces of growth.

Egg Product Imports

Imports in Asia-Pacific

In 2021, egg product imports in Asia-Pacific skyrocketed to X tons, rising by 25% against 2020 figures. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, egg product imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the largest importing country with an import of around X tons, which recorded 45% of total imports. Thailand (X tons) held an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (8%), South Korea (7.5%), Indonesia (5.1%), Singapore (4.7%) and the Philippines (4.6%). Vietnam (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to egg product imports into Japan stood at +1.1%. At the same time, Thailand (+19.9%), Vietnam (+14.6%), the Philippines (+8.2%), Singapore (+6.1%), South Korea (+5.1%), Indonesia (+4.7%) and Hong Kong SAR (+2.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +19.9% from 2012-2021. From 2012 to 2021, the share of Thailand, Vietnam and the Philippines increased by +6.4, +2.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported egg products in Asia-Pacific, comprising 48% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 8.5% share of total imports. It was followed by Indonesia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+5.1% per year) and Indonesia (+3.9% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 21%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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