Eastern Asia: Meat And Poultry Market 2024

Meat And Poultry Market Size in Eastern Asia

The East Asian meat and poultry market dropped slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in Eastern Asia

In value terms, meat and poultry production rose remarkably to $X in 2022 estimated in export price. The total production indicated a temperate expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) remains the largest meat and poultry producing country in Eastern Asia, accounting for X% of total volume. Moreover, meat and poultry production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (X% per year) and South Korea (X% per year).

The average meat and poultry yield fell to X kg per head in 2022, waning by X% against 2021 figures. Overall, the yield recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of yield peaked at X kg per head in 2014; however, from 2015 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for meat and poultry production in Eastern Asia shrank to X heads, stabilizing at the previous year. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 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 shrank in the following year.

Meat And Poultry Exports

Exports in Eastern Asia

In 2022, overseas shipments of meat and poultry increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat and poultry exports expanded slightly to $X in 2022. In general, exports, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which resulted at X% of total exports. Hong Kong SAR (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%). Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of meat and poultry. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Japan increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest meat and poultry supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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

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

Meat And Poultry Imports

Imports in Eastern Asia

In 2022, purchases abroad of meat and poultry decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat and poultry imports dropped modestly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

China was the largest importer of meat and poultry in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Hong Kong SAR (X%).

China was also the fastest-growing in terms of the meat and poultry imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported meat and poultry in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, meat and poultry imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 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.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while Hong Kong SAR ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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