Asia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

The Asian meat meals and pellets market reached $X in 2022, leveling off at the previous year. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

In value terms, meat meals and pellets production reduced modestly to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Asia

In 2022, meat meals and pellets exports in Asia surged to X tons, with an increase of X% compared with the previous year's figure. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, meat meals and pellets exports soared to $X in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Saudi Arabia represented the largest exporter of flours, meals and pellets of meat or meat offal in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Iran (X tons) took the second position in the ranking, followed by South Korea (X tons) and the Philippines (X tons). All these countries together took near X% share of total exports. Vietnam (X tons), Turkey (X tons), Malaysia (X tons), Cyprus (X tons), Thailand (X tons), the United Arab Emirates (X tons), Israel (X tons) and Oman (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X.6%), South Korea (X%), Turkey (X%), Oman (X%), Iran (X%), Cyprus (X%), the United Arab Emirates (X%), Malaysia (X%), the Philippines (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in Asia, with a CAGR of X.6% from 2012-2022. While the share of Saudi Arabia (X p.p.), Iran (X p.p.), South Korea (X p.p.), Turkey (X p.p.), Cyprus (X p.p.), Israel (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest meat meals and pellets supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In Saudi Arabia, meat meals and pellets exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Asia

In 2022, imports of flours, meals and pellets of meat or meat offal in Asia expanded slightly to X tons, growing by X% compared with 2021 figures. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, meat meals and pellets imports surged to $X in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Indonesia (X tons), Singapore (X tons), Thailand (X tons), China (X tons) and the Philippines (X tons) represented the key importers of flours, meals and pellets of meat or meat offal, together creating X% of total imports. The following importers - Turkey (X tons) and Malaysia (X tons) - each resulted at a X% share of total imports.

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

In value terms, Vietnam ($X), Indonesia ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Thailand, the Philippines, Singapore, Turkey and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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