Southern Asia: Poultry Incubator Market 2024

Poultry Incubator Market Size in Southern Asia

The South Asian poultry incubator market shrank slightly to $X in 2022, with a decrease of -3.6% against the previous year. Overall, consumption showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 9% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in Southern Asia

In value terms, poultry incubator production reduced modestly to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 8.7%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Poultry Incubator Exports

Exports in Southern Asia

In 2022, overseas shipments of poultry incubators and brooders increased by 47% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 224%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, poultry incubator exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 216% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India dominates exports structure, resulting at X units, which was approx. 96% of total exports in 2022. Pakistan (X units) took a minor share of total exports.

India was also the fastest-growing in terms of the poultry incubators and brooders exports, with a CAGR of +14.0% from 2012 to 2022. At the same time, Pakistan (+8.2%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +2.9 percentage points.

In value terms, India ($X) remains the largest poultry incubator supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.7% share of total exports.

In India, poultry incubator exports expanded at an average annual rate of +13.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, shrinking by -15.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell significantly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.1%).

Poultry Incubator Imports

Imports in Southern Asia

In 2022, imports of poultry incubators and brooders in Southern Asia rose markedly to X units, surging by 11% on 2021. Overall, imports recorded tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 113%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, poultry incubator imports expanded markedly to $X in 2022. Over the period under review, imports showed temperate growth. The pace of growth was the most pronounced in 2014 with an increase of 110%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of around X units, which accounted for 52% of total imports. Bangladesh (X units) held the second position in the ranking, distantly followed by Nepal (X units) and Pakistan (X units). All these countries together took approx. 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported poultry incubators and brooders in Southern Asia, comprising 55% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 26% share of total imports. It was followed by Nepal, with a 9.9% share.

In India, poultry incubator imports increased at an average annual rate of +20.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+4.9% per year) and Nepal (+13.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, rising by 3.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 11% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per unit) and India ($X per unit), while Bangladesh ($X per unit) and Nepal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :