Eastern Asia: Chicken Egg Market 2024

Chicken Egg Market Size in Eastern Asia

The East Asian chicken egg market dropped to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chicken Egg Production in Eastern Asia

In value terms, chicken egg production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

China (X tons) remains the largest chicken egg producing country in Eastern Asia, comprising approx. 88% of total volume. Moreover, chicken egg production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold.

In China, chicken egg production expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+0.4% per year) and South Korea (+2.1% per year).

Chicken Egg Exports

Exports in Eastern Asia

In 2022, approx. X tons of chicken eggs were exported in Eastern Asia; picking up by 48% compared with the year before. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +73.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chicken egg exports soared to $X in 2022. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of around X tons, which amounted to 76% of total exports. It was distantly followed by Japan (X tons), constituting a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chicken egg exports from China stood at +3.7%. At the same time, Japan (+48.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +48.5% from 2012-2022. From 2012 to 2022, the share of Japan increased by +21 percentage points.

In value terms, China ($X) remains the largest chicken egg supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +5.7%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%).

Chicken Egg Imports

Imports in Eastern Asia

After four years of growth, supplies from abroad of chicken eggs decreased by -7.4% to X tons in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, chicken egg imports rose markedly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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 +61.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Hong Kong SAR prevails in imports structure, accounting for X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Macao SAR (X tons), creating a 7.4% share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the chicken eggs imports, with a CAGR of +6.7% from 2012 to 2022. At the same time, Macao SAR (+4.4%) displayed positive paces of growth. While the share of Macao SAR (-1.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported chicken eggs in Eastern Asia, comprising 90% of total imports. The second position in the ranking was taken by Macao SAR ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR totaled +6.1%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Macao SAR ($X per ton), while Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+1.8%).

Source: IndexBox Platform

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