South-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 South-Eastern Asia

In 2021, the Southeast Asian meat meals and pellets market increased by 37% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, meat meals and pellets production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were exported in South-Eastern Asia; rising by 4% on the previous year's figure. Over the period under review, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 59% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 137% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, the Philippines (X tons), Vietnam (X tons), Singapore (X tons) and Thailand (X tons) represented the main exporter of flours, meals and pellets of meat or meat offal in South-Eastern Asia, generating 96% of total export. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the largest meat meals and pellets supplier in South-Eastern Asia, comprising 49% of total exports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total exports. It was followed by Vietnam, with a 14% share.

In the Philippines, meat meals and pellets exports increased at an average annual rate of +21.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+6.4% per year) and Vietnam (-3.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, increasing by 36% against the previous year. In general, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.2%), 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 South-Eastern Asia

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported in South-Eastern Asia; growing by 20% against the previous year. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 74%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, meat meals and pellets imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 64%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) represented the main importers of flours, meals and pellets of meat or meat offal, together committing 89% of total imports. The following importers - Myanmar (X tons) and Cambodia (X tons) - each resulted at a 7.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +106.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 73% of total imports. These countries were followed by the Philippines, Singapore, Myanmar and Cambodia, which together accounted for a further 24%.

In terms of the main importing countries, Myanmar, with a CAGR of +71.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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