Asia-Pacific: Poultry Incubator Market 2024

Poultry Incubator Market Size in Asia-Pacific

The Asia-Pacific poultry incubator market fell slightly to $X in 2022, reducing by -2.1% against the previous year. Overall, consumption continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 8.6% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry Incubator Production in Asia-Pacific

In value terms, poultry incubator production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports in Asia-Pacific

In 2022, approx. X units of poultry incubators and brooders were exported in Asia-Pacific; waning by -34.9% against 2021 figures. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 27%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, poultry incubator exports contracted to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -42.6% against 2018 indices. The growth pace was the most rapid in 2017 when exports increased by 39%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of around X units, which recorded 66% of total exports. It was distantly followed by Malaysia (X units), committing a 26% share of total exports. South Korea (X units), India (X units) and Myanmar (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to poultry incubator exports from China stood at +23.6%. At the same time, Myanmar (+71.3%), India (+14.0%) and South Korea (+4.4%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +71.3% from 2012-2022. By contrast, Malaysia (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Myanmar increased by +52 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Malaysia ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together comprising 94% of total exports. These countries were followed by India and Myanmar, which together accounted for a further 4.3%.

Myanmar, with a CAGR of +128.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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 unit in 2022, increasing by 44% against the previous year. Overall, the export price, however, saw a pronounced decrease. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Malaysia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+34.3%), while the other leaders experienced mixed trends in the export price figures.

Poultry Incubator Imports

Imports in Asia-Pacific

In 2022, overseas purchases of poultry incubators and brooders increased by 17% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of 35%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, poultry incubator imports rose significantly to $X in 2022. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by China (X units), India (X units), Thailand (X units), South Korea (X units), the Philippines (X units), Vietnam (X units) and Bangladesh (X units) were the key importers of poultry incubators and brooders, together achieving 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry incubator importing markets in Asia-Pacific were China ($X), Indonesia ($X) and India ($X), together comprising 48% of total imports.

India, with a CAGR of +20.4%, saw the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, which is down by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 an increase of 18%. The level of import peaked at $X per unit in 2021, and then reduced slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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