Asia-Pacific: Market for Meat Preparations of Poultry 2024

Market Size for Meat Preparations of Poultry in Asia-Pacific

The Asia-Pacific meat preparations of poultry market reduced slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Meat Preparations of Poultry in Asia-Pacific

In value terms, meat preparations of poultry production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Meat Preparations of Poultry

Exports in Asia-Pacific

In 2022, the amount of meat preparations of poultry exported in Asia-Pacific skyrocketed to X tons, increasing by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat preparations of poultry exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Thailand (X tons) was the main exporter of meat preparations of poultry, making up X% of total exports. It was distantly followed by China (X tons), achieving a X% share of total exports.

Thailand was also the fastest-growing in terms of the meat preparations of poultry exports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Thailand ($X) remains the largest meat preparations of poultry supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Imports of Meat Preparations of Poultry

Imports in Asia-Pacific

In 2022, supplies from abroad of meat preparations of poultry increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, meat preparations of poultry imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Japan prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons) and South Korea (X tons), together committing a X% share of total imports. Singapore (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), South Korea (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Japan (X p.p.), the Philippines (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported meat preparations of poultry in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, meat preparations of poultry imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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