Japan: Meat And Poultry Market 2024

Meat And Poultry Market Size in Japan

For the fifth year in a row, the Japanese meat and poultry market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X%. Meat and poultry consumption peaked in 2022 and is expected to retain growth in the immediate term.

Meat And Poultry Production in Japan

In value terms, meat and poultry production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Meat and poultry production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average meat and poultry yield in Japan totaled X kg per head, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the average meat and poultry yield remained at a somewhat lower figure.

In 2022, number of animals slaughtered for meat and poultry production in Japan dropped to X heads, waning by X% on 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the number of producing animals increased by X% against the previous year. As a result, the number of producing animals reached the peak level of X heads, and then declined slightly in the following year.

Meat And Poultry Exports

Exports from Japan

In 2022, shipments abroad of meat and poultry decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, total exports indicated tangible growth from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for meat and poultry exports from Japan, accounting for a X% share of total exports. Moreover, meat and poultry exports to Hong Kong SAR exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Hong Kong SAR ($X), the United States ($X) and Cambodia ($X) constituted the largest markets for meat and poultry exported from Japan worldwide, with a combined X% share of total exports. Taiwan (Chinese), Singapore, Thailand and Vietnam lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Japan

Meat and poultry imports into Japan amounted to X tons in 2022, almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, meat and poultry imports expanded to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of meat and poultry imports to Japan, together accounting for X% of total imports. Australia, Spain, Mexico, Thailand and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Canada ($X) appeared to be the largest meat and poultry suppliers to Japan, together accounting for X% of total imports. Brazil, Spain, Mexico, Thailand and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Thailand, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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