ASEAN: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in ASEAN

The ASEAN meat-preparation industrial machinery market reduced modestly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Meat-Preparation Industrial Machinery Production in ASEAN

In value terms, meat-preparation industrial machinery production reached $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports in ASEAN

Meat-preparation industrial machinery exports skyrocketed to X units in 2022, increasing by X% on the previous year. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a slight reduction. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X units, which recorded X% of total exports. Indonesia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%), Vietnam (X%) and Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to meat-preparation industrial machinery exports from Thailand stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest meat-preparation industrial machinery supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Meat-Preparation Industrial Machinery Imports

Imports in ASEAN

In 2022, supplies from abroad of industrial machinery for the preparation of meat or poultry increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, meat-preparation industrial machinery imports dropped to $X in 2022. Total imports indicated a tangible increase 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 decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) represented the major importer of industrial machinery for the preparation of meat or poultry, committing X% of total imports. Indonesia (X units) held the second position in the ranking, distantly followed by Vietnam (X units) and Malaysia (X units). All these countries together took near X% share of total imports. The Philippines (X units), Singapore (X units) and Lao People's Democratic Republic (X units) held a relatively small share of total imports.

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

In value terms, Thailand ($X) constitutes the largest market for imported industrial machinery for the preparation of meat or poultry in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Thailand, meat-preparation industrial machinery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Lao People's Democratic Republic ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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