Apr 25, 2019

Asia - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights

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May 11, 2018

India and Hong Kong Are the Main Meat and Poultry Exporters in Asia

IndexBox has just published a new report "Asia: Meat and Poultry - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Meat and Poultry Market in Asia Retained Its Upward Trend

In 2016, the meat and poultry market reached to 149M tonnes, growing consistently by +3.0% per year, over the last nine years. Over this period, the market expanded by 31%. In value terms, market stood at $374B in wholesale prices. There was a notable growth from 2007 to 2013, levelling off over the next three years. 

China Alone Was Comprise Approx. 60% of Meat and Poultry Consumption in Asia

The countries with the highest consumption were China (60%), distantly followed by Japan (4%), India (4%), Vietnam (3%), Philippines (3%), Pakistan (2%), Korea (2%), Indonesia (2%), Iran 92%), Myanmar (2%), Turkey (2%) and Thailand (2%). The other major consuming countries comprised near 12% of Asian consumption. 

The highest annual growth rates of meat and poultry consumption from 2007 to 2016 were recorded in Myanmar, with +8.9% growth, Turkey and Indonesia, with +5.9% and +5.0% growth, respectively. 

Amongst the leading consuming countries, high levels of per capita consumption was recorded in Korea (66.0 kg/year), China (64.5 kg/year), Myanmar (57.1 kg/year) and Vietnam (53.8 kg/year), which were significantly higher than the world average of 20.3 kg/year. In these countries per capita consumption grew steadily in 2007-2016. 

Swine meat was the most consumed product category in Asia, amounted to about 47% of total consumption. It was followed by poultry (31%), bovine meat (14%), meat of sheep or goats (6%) and horse, ass, mule, hinne meat (1%).

Consumption of Meat and Poultry in Asia Is Expected to Reach 191M Tonnes by 2025

Meat is a product of stable demand in Asia, but the types of meat and poultry consumed and the levels of per capita consumption vary from country to country. Meat and poultry consumption is largely determined by the level of income of the population, thus countries with a high standard of living traditionally have higher per capita consumption of meat and poultry. The rise in living standards and the rapid pace of urbanisation have led to a significant increase in production and consumption of meat in Asia in the last decade.

The gradual increase in household incomes and the turnover of retail trade amid continuing urbanisation, including maintaining strict meat and poultry standards, as well as improved meat supply thanks to the development of production capacities, will be the main drivers behind the growth of meat and poultry consumption in the Asian region. Moreover, rapid population growth in Asia increases the demand for food.

The performance of the market is predicted to grow with an anticipated CAGR of +2.8% for the next eight years, which is forecasted to bring the market volume to 191M tonnes by 2025.

Pork Remained the Most Produced Type of Meat 

Production of meat and poultry reached 140M tonnes in 2016, with a consistent upward trend over the last nine years. From 2007 to 2016, production volume expanded at an average rate of +2.9%.

Pork (66.3M tonnes) accounted for the highest share (47% in 2016) of global meat and poultry production, followed by chicken meat (36.6M tonnes), cattle meat (15.7M tonnes), sheep meat (4.9M tonnes), goat meat (4.1M tonnes), duck meat (3.8M tonnes) and buffalo meat (3.4M tonnes).

The most notable growth rates in global meat and poultry production from 2007 to 2016 were attained by chicken meat (+4.3% per year), while the other categories (meat experienced more moderate paces of growth. From 2007 to 2016, 41% rise in U.S. meat and poultry production was attained by pig meat, against 37% rise in chicken meat production and 10% - in cattle meat production.

China Produced the Major Share of the Total Meat and Poultry Output 

China was the key world meat and poultry producing country with an output of about 85M tonnes in 2016, which accounted for 61% of the total global output. The other major producers were India (5%), Vietnam (4%), Japan (3%), Pakistan (3%), Philippines (2%), and Turkey (2%). 

In China, production levels increased by +2.5% annually from 2007 to 2016, largely attributed to livestock population growth. The other major producing countries showed growth of meat and poultry output in physical terms. In 2007-2016 annual growth rates were especially high in Turkey (+6.7%), Vietnam (+4.5%) and Pakistan (+4.4%).

About 8% of Asian Meat and Poultry Consumption Was Imported

The share of imports in consumption in Asia amounted for only 8% in 2016, slightly growing (+2 percentage points) from the outset level. Nevertheless, the region is practically independent of imports.

India and Hong Kong Were the Main Meat and Poultry Exporters in Asia

In 2016, the volume of Asia’s exports totalled 3,328K tonnes, which was 1% less than the year before. However, from 2007 to 2016, Asia’s meat and poultry exports demonstrated a pronounced growth, with a CAGR of +8.5%. In 2016, the value of Asia’s meat and poultry exports totalled $8,253M, which was -4% less than the year before. The annual growth rate of meat and poultry exports was +13.3% per year from 2007 to 2016. 

India (39%) and Hong Kong (23%) were the main suppliers of meat and poultry in Asia, together making up 62% of Asia’s meat and poultry exports. Among these countries, India (+11.3% per year) and Hong Kong (+7.3% per year) exports steady increased over the period under review. 

The share of India (+8 percentage points) significantly strengthened its position in the Asia’s meat and poultry exports, while the share of Hong Kong (-2 percentage points) decreased significantly. 

China Emerged as the Largest Meat and Poultry Importer in Asia

The volume of Asia’s meat and poultry imports totalled 12,344K tonnes in 2016. From 2007 to 2016, Asia’s meat and poultry imports increased steadily, however, demonstrating some noticeable fluctuations in certain years. The total imports volume increased at an average annual rate of +6.6% over the last 9 years. In 2016, meat and poultry imports into Asian countries stood at $35,162M in value terms. From 2007 to 2016, the value of meat and poultry imports increased with an average annual rate of +8.9%. 

China (24% of Asia’s imports in 2016), Japan (16%), Hong Kong (13%), Saudi Arabia (8%) and the Republic of Korea (8%) were the key meat and poultry importers in Asia.

Among key importers, China had the highest growth rates of imports, which accounted for +13.8% per year from 2007-2016. The other countries had more moderate growth rates over the same period: Hong Kong (+6.4% per year), Saudi Arabia (+5.8%), the Republic of Korea (+5.1%) and Japan (+2.0%).

The share of China rice imports (+11 percentage points) increased significantly. Meanwhile the share of Japan (-8 percentage points) decreased from 2007 to 2016. The shares of the other countries remained relatively stable throughout the analysed period. 

Do you want to know more about Asian meat and poultry market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • meat and poultry market share
  • meat and poultry prices
  • meat and poultry industry
  • meat and poultry sales
  • meat and poultry import
  • meat and poultry export
  • meat and poultry market forecast
  • meat and poultry price forecast
  • key meat and poultry producers

Source: IndexBox AI Platform

Product coverage:
• FCL 1108 - Meat of asses
• FCL 1089 - Meat of pigeons and other birds nes
• FCL 947 - Buffalo meat
• FCL 1127 - Meat of camels
• FCL 867 - Meat of cattle
• FCL 870 - Meat of cattle, boneless
• FCL 1058 - Chicken meat
• FCL 1069 - Duck meat
• FCL 1017 - Goat meat
• FCL 1073 - Goose meat
• FCL 1097 - Horse meat
• FCL 1111 - Meat of mules
• FCL 1158 - Meat of other domestic camelids
• FCL 1151 - Meat of other domestic rodents
• FCL 1035 - Pig meat
• FCL 1141 - Rabbit meat
• FCL 977 - Meat of sheep
• FCL 1080 - Turkey meat

This report provides an in-depth analysis of the meat and poultry market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Producing Animals, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Producing Animals, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Producing Animals, By Country, 2018
Figure 24:
Producing Animals, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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