Eastern Asia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Eastern Asia

In 2021, after three years of decline, there was significant growth in the East Asian meat meals and pellets market, when its value increased by 8.1% to $X. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.4% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Eastern Asia

In value terms, meat meals and pellets production rose markedly to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Eastern Asia

Meat meals and pellets exports dropped remarkably to X tons in 2021, with a decrease of -58.7% compared with the year before. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 107%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, meat meals and pellets exports reduced rapidly to $X in 2021. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 171% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) and Hong Kong SAR (X tons) represented the largest exporters of flours, meals and pellets of meat or meat offal in Eastern Asia, together achieving 89% of total exports. It was distantly followed by South Korea (X tons), mixing up a 10% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +38.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest meat meals and pellets supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 99% share of total exports.

Among the main exporting countries, South Korea, with a CAGR of +22.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 52% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 57%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Eastern Asia

In 2021, supplies from abroad of flours, meals and pellets of meat or meat offal decreased by -14.3% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, meat meals and pellets imports rose remarkably to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of 53%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China was the largest importer of flours, meals and pellets of meat or meat offal in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), committing a 13% share of total imports.

China was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal imports, with a CAGR of +16.4% from 2012 to 2021. Taiwan (Chinese) (-1.3%) illustrated a downward trend over the same period. While the share of China (+27 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-26.1 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported flours, meals and pellets of meat or meat offal in Eastern Asia, comprising 87% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in China stood at +19.1%.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.3%).

Source: IndexBox Platform

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