Asia-Pacific: 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-Pacific

The Asia-Pacific meat meals and pellets market stood at $X in 2022, stabilizing at the previous year. The total consumption indicated a prominent expansion 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 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, meat meals and pellets production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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

Exports in Asia-Pacific

After two years of decline, shipments abroad of flours, meals and pellets of meat or meat offal increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, meat meals and pellets exports surged to $X in 2022. Total exports indicated a slight expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by New Zealand (X tons), creating a X% share of total exports. South Korea (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat meals and pellets exports from Australia stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest meat meals and pellets supplying countries in Asia-Pacific were Australia ($X), New Zealand ($X) and South Korea ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

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

Imports in Asia-Pacific

In 2022, imports of flours, meals and pellets of meat or meat offal in Asia-Pacific was estimated at X tons, growing by X% on the year before. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, meat meals and pellets imports soared to $X in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

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 major importers of flours, meals and pellets of meat or meat offal, together generating X% of total imports. Malaysia (X tons) held a minor 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 Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets importing markets in Asia-Pacific were Vietnam ($X), Indonesia ($X) and China ($X), with a combined X% share of total imports. Thailand, the Philippines, Singapore 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, 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 an increase of X%. The level of import peaked in 2022 and is expected to retain 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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