Asia: Rabbit Meat Market 2023

Rabbit Meat Market Size in Asia

In 2021, the Asian rabbit meat market increased by 4.1% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Rabbit Meat Production in Asia

In value terms, rabbit meat production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

China (X tons) constituted the country with the largest volume of rabbit meat production, accounting for 74% of total volume. Moreover, rabbit meat production in China exceeded the figures recorded by the second-largest producer, Democratic People's Republic of Korea (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume in China totaled -5.1%.

In 2021, the average rabbit meat yield in Asia totaled X kg per head, stabilizing at the year before. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 0.2% against the previous year. Over the period under review, the rabbit meat yield attained the peak level at X kg per head in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure.

In 2021, number of animals slaughtered for rabbit meat production in Asia stood at X heads, with an increase of 2% on 2020 figures. Overall, the number of producing animals, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by 4.2% against the previous year. The level of producing animals peaked at X heads in 2015; however, from 2016 to 2021, producing animals stood at a somewhat lower figure.

Rabbit Meat Exports

Exports in Asia

For the fourth consecutive year, Asia recorded decline in shipments abroad of rabbit or hare meat, which decreased by -5.4% to X tons in 2021. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 60%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, rabbit meat exports shrank to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 42%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 96% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to rabbit meat exports from China stood at -10.5%. At the same time, the United Arab Emirates (+22.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.1% from 2012-2021. The United Arab Emirates (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -1.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest rabbit meat supplier in Asia, comprising 97% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.9% share of total exports.

In China, rabbit meat exports declined by an average annual rate of -8.5% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, declining by -4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 38%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%).

Rabbit Meat Imports

Imports in Asia

Rabbit meat imports contracted modestly to X tons in 2021, declining by -3.7% compared with the year before. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 118% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rabbit meat imports contracted to $X in 2021. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 46%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China dominates imports structure, reaching X tons, which was approx. 71% of total imports in 2021. Japan (X tons) ranks second in terms of the total imports with an 8.4% share, followed by Singapore (6.3%). The following importers - Qatar (X tons), South Korea (X tons) and Cyprus (X tons) - each finished at a 9.5% share of total imports.

Imports into China increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, South Korea (+44.2%), Cyprus (+17.7%), Singapore (+9.3%) and Japan (+5.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +44.2% from 2012-2021. By contrast, Qatar (-27.2%) illustrated a downward trend over the same period. China (+46 p.p.), Japan (+5.1 p.p.), Singapore (+4.6 p.p.), South Korea (+3 p.p.) and Cyprus (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -34.2% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported rabbit or hare meat in Asia, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Qatar, with a 9.1% share.

In China, rabbit meat imports plunged by an average annual rate of -2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+2.5% per year) and Qatar (-21.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 26%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+8.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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