China: Poultry Incubator Market 2024

Poultry Incubator Market Size in China

In 2022, the Chinese poultry incubator market increased by 1.3% to $X, rising for the second year in a row after eight years of decline. Over the period under review, consumption showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 3.9%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in China

In value terms, poultry incubator production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 1.6% against the previous year. Poultry incubator production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports from China

In 2022, shipments abroad of poultry incubators and brooders decreased by -45.6% to X units, falling for the second consecutive year after six years of growth. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 209% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, poultry incubator exports declined to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 138% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for poultry incubator exports from China, accounting for a 19% share of total exports. Moreover, poultry incubator exports to the United States exceeded the volume sent to the second major destination, Bangladesh (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+25.5% per year) and Vietnam (+21.3% per year).

In value terms, the United States ($X) remains the key foreign market for poultry incubators and brooders exports from China, comprising 28% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 5.8% share of total exports. It was followed by Australia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+6.6% per year) and Australia (+17.3% per year).

Export Prices by Country

The average poultry incubator export price stood at $X per unit in 2022, increasing by 61% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The export price peaked 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Incubator Imports

Imports into China

In 2022, the amount of poultry incubators and brooders imported into China surged to X units, increasing by 20% compared with 2021 figures. Over the period under review, imports continue to indicate measured growth. The pace of growth was the most pronounced in 2017 with an increase of 84% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, poultry incubator imports rose significantly to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X units), France (X units) and Belgium (X units) were the main suppliers of poultry incubator imports to China, together accounting for 66% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +83.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry incubator suppliers to China were Belgium ($X), the United States ($X) and Canada ($X), together comprising 79% of total imports. These countries were followed by France, the UK, Germany and South Korea, which together accounted for a further 16%.

France, with a CAGR of +70.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average poultry incubator import price amounted to $X per unit, declining by -8.4% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price 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, poultry incubator import price increased by +72.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 36%. The import price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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