South-Eastern Asia: Poultry Incubator Market 2024

Poultry Incubator Market Size in South-Eastern Asia

The Southeast Asian poultry incubator market reduced to $X in 2022, which is down by -8.6% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in South-Eastern Asia

In value terms, poultry incubator production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 45%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of poultry incubators and brooders increased by 17% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 33%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, poultry incubator exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2014 with an increase of 53%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia prevails in exports structure, resulting at X units, which was near 90% of total exports in 2022. It was distantly followed by Myanmar (X units), generating a 5.8% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to poultry incubator exports from Malaysia stood at -5.8%. At the same time, Myanmar (+71.3%) and Singapore (+5.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +71.3% from 2012-2022. Myanmar (+5.8 p.p.) and Singapore (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -7% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest poultry incubator supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Myanmar ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to -4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+128.6% per year) and Singapore (+2.8% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, dropping by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+34.3%), while the other leaders experienced mixed trends in the export price figures.

Poultry Incubator Imports

Imports in South-Eastern Asia

After three years of decline, supplies from abroad of poultry incubators and brooders increased by 69% to X units in 2022. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports surged to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia represented the main importer of poultry incubators and brooders in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. 49% of total imports in 2022. Thailand (X units) ranks second in terms of the total imports with a 16% share, followed by the Philippines (14%), Vietnam (12%) and Malaysia (5.6%). Myanmar (X units) followed a long way behind the leaders.

Imports into Indonesia decreased at an average annual rate of -8.4% from 2012 to 2022. At the same time, Vietnam (+15.7%) and Myanmar (+10.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.7% from 2012-2022. By contrast, the Philippines (-5.7%), Thailand (-6.5%) and Malaysia (-14.0%) illustrated a downward trend over the same period. Vietnam (+10 p.p.), Myanmar (+1.8 p.p.) and the Philippines (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Indonesia saw its share reduced by -6.8% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported poultry incubators and brooders in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total imports. It was followed by Vietnam, with a 16% share.

In Indonesia, poultry incubator imports declined by an average annual rate of -6.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (-0.6% per year) and Vietnam (+17.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, dropping by -2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 when the import price increased by 18% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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