Southern Asia: Egg Product Market 2024

Egg Product Market Size in Southern Asia

After nine years of growth, the South Asian egg product market decreased by -3.7% to $X in 2021. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.4% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.7% against the previous year. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Egg Product Production in Southern Asia

In value terms, egg product production contracted modestly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.0% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 11%. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Egg Product Exports

Exports in Southern Asia

In 2021, egg product exports in Southern Asia dropped to X tons, waning by -2.4% against the previous year. Overall, exports recorded a noticeable decrease. The growth pace was the most rapid in 2013 when exports increased by 19%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, egg product exports dropped slightly to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, India (X tons) represented the main exporter of egg products in Southern Asia, achieving 100% of total export.

India was also the fastest-growing in terms of the egg products exports, with a CAGR of -3.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest egg product supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at -3.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 10% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.7% per year.

Egg Product Imports

Imports in Southern Asia

In 2021, egg product imports in Southern Asia declined markedly to X tons, shrinking by -30.3% against 2020 figures. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 92%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, egg product imports dropped sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Afghanistan was the largest importer of egg products in Southern Asia, with the volume of imports finishing at X tons, which was approx. 38% of total imports in 2021. Pakistan (X tons) held the second position in the ranking, followed by Bangladesh (X tons), India (X tons) and Sri Lanka (X tons). All these countries together held near 55% share of total imports. Maldives (X tons) and Nepal (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +60.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest egg product importing markets in Southern Asia were Pakistan ($X), Bangladesh ($X) and Afghanistan ($X), together accounting for 79% of total imports.

Bangladesh, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :