Asia: Poultry Market 2024

Poultry Market Size in Asia

The Asian poultry market totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Poultry Production in Asia

In value terms, poultry production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of poultry production was China (X tons), comprising approx. X% of total volume. Moreover, poultry production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Indonesia (X% per year).

In 2022, the average poultry yield in Asia reached X kg per head, remaining relatively unchanged against 2021. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X%. Over the period under review, the poultry yield hit record highs at X kg per head in 2020; afterwards, it flattened through to 2022.

In 2022, approx. X heads of animals slaughtered for poultry production in Asia; leveling off at the year before. This number 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 2017 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2021, and then declined slightly in the following year.

Poultry Exports

Exports in Asia

In 2022, shipments abroad of poultry increased by X% to X tons, rising for the second consecutive year after two years of decline. 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry exports soared 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 indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the key exporter of poultry in Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%) and the United Arab Emirates (X%). South Korea (X tons), Singapore (X tons), Iran (X tons), Oman (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Turkey ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The United Arab Emirates, Saudi Arabia, Oman, South Korea, Singapore and Iran lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Iran, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Poultry Imports

Imports in Asia

In 2022, approx. X tons of poultry were imported in Asia; increasing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% 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 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, poultry imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Japan (X tons), the Philippines (X tons) and Iraq (X tons) represented the major importers of poultry, together making up X% of total imports. Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Kuwait (X tons), South Korea (X tons), Malaysia (X tons) and Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to poultry imports into China stood at X%. At the same time, Kuwait (X%), Malaysia (X%), the Philippines (X%), Vietnam (X%), the United Arab Emirates (X%), Singapore (X%), South Korea (X%), Japan (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Philippines, Kuwait, the United Arab Emirates and Malaysia increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported poultry in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the Philippines ($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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