Asia-Pacific: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

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

In 2021, the Asia-Pacific meat meals and pellets market increased by 9.7% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

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

In value terms, meat meals and pellets production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, production attained the peak 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-Pacific

In 2021, shipments abroad of flours, meals and pellets of meat or meat offal decreased by -0.4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, meat meals and pellets exports expanded significantly to $X in 2021. Over the period under review, exports recorded a slight curtailment. The growth pace was the most rapid in 2013 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the major exporting country with an export of about X tons, which finished at 66% of total exports. It was distantly followed by New Zealand (X tons), generating a 30% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of flours, meals and pellets of meat or meat offal. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Australia increased by +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +0.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.2%).

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

Imports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded growth in supplies from abroad of flours, meals and pellets of meat or meat offal, which increased by 13% to X tons in 2021. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 54%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, meat meals and pellets imports soared to $X in 2021. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

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 constituting 87% of total imports. Myanmar (X tons) held a relatively small 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, Vietnam ($X), Indonesia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. These countries were followed by Thailand, the Philippines, Singapore and Myanmar, which together accounted for a further 29%.

Myanmar, with a CAGR of +71.2%, saw the highest rates of growth with regard to the value of imports, among 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-Pacific stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 an increase of 25% 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.

Prices varied noticeably by country of destination: 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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