Asia-Pacific: Meat Market 2025

Meat Market Size in Asia-Pacific

In 2022, after two years of growth, there was decline in the Asia-Pacific meat market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Meat Production in Asia-Pacific

In value terms, meat production reached $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of meat production, accounting for X% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), ninefold. Australia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Australia (X% per year).

The average meat yield declined modestly to X kg per head in 2022, with a decrease of X% compared with the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the yield attained the peak level of X kg per head, and then contracted slightly in the following year.

In 2022, number of animals slaughtered for meat production in Asia-Pacific reduced slightly to X heads, waning by X% on 2021 figures. Over the period under review, the number of producing animals saw a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of producing animals peaked at X heads in 2015; however, from 2016 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports in Asia-Pacific

In 2022, exports of meat in Asia-Pacific shrank modestly to X tons, remaining relatively unchanged against 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons), India (X tons) and New Zealand (X tons) represented roughly X% of total exports in 2022. The following exporters - Pakistan (X tons) and Hong Kong SAR (X tons) - each amounted to a X% share of total exports.

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

In value terms, Australia ($X), New Zealand ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Pakistan and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Pakistan, with a CAGR of X%, 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Meat Imports

Imports in Asia-Pacific

In 2022, purchases abroad of meat decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, meat imports reduced slightly to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, China (X tons) represented the largest importer of meat, comprising X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and the Philippines (X%). The following importers - Vietnam (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) - each recorded a X% share of total imports.

China was also the fastest-growing in terms of the meat imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Vietnam, Hong Kong SAR and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported meat in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the Philippines ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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