Eastern Asia: Egg Product Market 2024

Egg Product Market Size in Eastern Asia

The East Asian egg product market shrank to $X in 2021, waning by -7.3% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Egg Product Production in Eastern Asia

In value terms, egg product production reduced to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The level of production peaked at $X in 2020, and then contracted in the following year.

Egg Product Exports

Exports in Eastern Asia

In 2021, the amount of egg products exported in Eastern Asia surged to X tons, jumping by 73% on the previous year. In general, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, egg product exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of egg products in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 14% share of total exports.

China was also the fastest-growing in terms of the egg products exports, with a CAGR of +8.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+2.9%) displayed positive paces of growth. China (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -6.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest egg product supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports.

In China, egg product exports expanded at an average annual rate of +6.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, which is down by -4.2% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 19%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%).

Egg Product Imports

Imports in Eastern Asia

In 2021, supplies from abroad of egg products was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, egg product imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan was the main importer of egg products in Eastern Asia, with the volume of imports reaching X tons, which was near 71% of total imports in 2021. Hong Kong SAR (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. 24% share of total imports. Taiwan (Chinese) (X tons) took a minor share of total imports.

Imports into Japan increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, South Korea (+5.1%) and Hong Kong SAR (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of South Korea (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported egg products in Eastern Asia, comprising 73% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: Hong Kong SAR (+5.1% per year) and South Korea (+4.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 8.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 23%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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