South-Eastern Asia: Meat Market 2024

Meat Market Size in South-Eastern Asia

The Southeast Asian meat market contracted to $X in 2022, leveling off at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Meat Production in South-Eastern Asia

In value terms, meat production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Vietnam (X tons), the Philippines (X tons) and Thailand (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Vietnam (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average yield of meat in South-Eastern Asia shrank to X kg per head, with a decrease of X% on the year before. Over the period under review, the yield saw a mild shrinkage. The growth pace was the most rapid in 2021 when the yield increased by X%. Over the period under review, the meat yield reached the peak level at X kg per head in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for meat production in South-Eastern Asia; with an increase of X% against the previous year. In general, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2017; however, from 2018 to 2022, producing animals remained at a lower figure.

Meat Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of meat decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports dropped dramatically to $X in 2022. In general, exports showed a mild slump. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Vietnam (X tons) prevails in exports structure, together comprising X% of total exports. Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Lao People's Democratic Republic (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malaysia, Thailand and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

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 Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Meat Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, meat imports skyrocketed to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) represented the main importer of meat, mixing up X% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Malaysia (X tons), Indonesia (X tons) and Singapore (X tons). All these countries together held approx. X% share of total imports. Thailand (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Indonesia, Singapore and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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