Eastern Asia: Poultry Incubator Market 2024

Poultry Incubator Market Size in Eastern Asia

The East Asian poultry incubator market expanded to $X.4B in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level at $X.7B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in Eastern Asia

In value terms, poultry incubator production totaled $X.8B 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 throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X.1B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Poultry Incubator Exports

Exports in Eastern Asia

In 2022, approx. X units of poultry incubators and brooders were exported in Eastern Asia; growing by X% against 2021 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, poultry incubator exports declined to $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of poultry incubators and brooders, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the poultry incubators and brooders exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest poultry incubator supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Poultry Incubator Imports

Imports in Eastern Asia

In 2022, approx. X units of poultry incubators and brooders were imported in Eastern Asia; with a decrease of X% on the previous year's figure. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports contracted rapidly to $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) was the major importer of poultry incubators and brooders, generating X% of total imports. China (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Japan (X units) followed a long way behind the leaders.

Imports into South Korea decreased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), South Korea and Japan increased by X, X and X percentage points, respectively.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. These countries were followed by Japan, which accounted for a further X%.

In terms of the main importing countries, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, 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 was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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