Asia-Pacific: Poultry Market 2024

Poultry Market Size in Asia-Pacific

In 2022, the Asia-Pacific poultry market decreased by less than X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Poultry Production in Asia-Pacific

In value terms, poultry production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) remains the largest poultry producing country in Asia-Pacific, accounting for X% of total volume. Moreover, poultry production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. The third position in this ranking was held by Indonesia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Indonesia (X% per year).

In 2022, the average poultry yield in Asia-Pacific reached X kg per head, approximately mirroring the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. Over the period under review, the poultry yield hit record highs at X kg per head in 2020; afterwards, it flattened through to 2022.

In 2022, approx. X heads of animals slaughtered for poultry production in Asia-Pacific; standing approx. at 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2021, and then fell modestly in the following year.

Poultry Exports

Exports in Asia-Pacific

In 2022, shipments abroad of poultry increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a mild downturn. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, poultry exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and China (X tons) prevails in exports structure, together making up X% of total exports. South Korea (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Australia (X%) and Singapore (X%). The following exporters - Hong Kong SAR (X tons) and Malaysia (X tons) - together made up X% of total exports.

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

In value terms, the largest poultry supplying countries in Asia-Pacific were Thailand ($X), China ($X) and South Korea ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Poultry Imports

Imports in Asia-Pacific

In 2022, purchases abroad of poultry decreased by X% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, poultry imports surged to $X in 2022. Total imports indicated a prominent increase 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, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the main importer of poultry in Asia-Pacific, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Vietnam (X%), Hong Kong SAR (X%), Singapore (X%), South Korea (X%) and Malaysia (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), the Philippines (X%), Singapore (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Philippines, Malaysia, Japan and Singapore increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, poultry imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 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 attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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