Asia-Pacific: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in Asia-Pacific

In 2022, the Asia-Pacific poultry-keeping machinery market increased by 5.2% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, continues to indicate a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry-Keeping Machinery Production in Asia-Pacific

In value terms, poultry-keeping machinery production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry-Keeping Machinery Exports

Exports in Asia-Pacific

In 2022, exports of poultry-keeping machinery in Asia-Pacific dropped modestly to X units, falling by -3.3% against the previous year's figure. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 48%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, poultry-keeping machinery exports rose markedly to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +106.3% against 2013 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at 61% of total exports. Malaysia (X units) took the second position in the ranking, distantly followed by India (X units). All these countries together held near 36% share of total exports.

Exports from China increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, India (+15.5%) and Malaysia (+7.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +15.5% from 2012-2022. China (+7.1 p.p.) and India (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -2.3% from 2012 to 2022, respectively.

In value terms, the largest poultry-keeping machinery supplying countries in Asia-Pacific were China ($X), Malaysia ($X) and India ($X), together accounting for 95% of total exports.

Among the main exporting countries, India, with a CAGR of +17.0%, saw 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 unit, rising by 15% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Poultry-Keeping Machinery Imports

Imports in Asia-Pacific

In 2022, approx. X units of poultry-keeping machinery were imported in Asia-Pacific; standing approx. at the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by +13.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, poultry-keeping machinery imports contracted to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +4.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) and Indonesia (X units) represented the key importers of poultry-keeping machinery in Asia-Pacific, together amounting to approx. 33% of total imports. It was distantly followed by Malaysia (X units), Japan (X units), Australia (X units), China (X units), Bangladesh (X units), South Korea (X units), the Philippines (X units) and Vietnam (X units), together achieving a 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together accounting for 37% of total imports. Japan, the Philippines, Thailand, Bangladesh, Vietnam, South Korea and China lagged somewhat behind, together accounting for a further 43%.

Vietnam, with a CAGR of +22.5%, saw the highest rates of growth with regard to 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, shrinking by -7.8% against the previous year. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 8%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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