South-Eastern Asia: Meat And Poultry Market 2024

Meat And Poultry Market Size in South-Eastern Asia

In 2022, the Southeast Asian meat and poultry market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in South-Eastern Asia

In value terms, meat and poultry production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average meat and poultry yield shrank modestly to X kg per head in 2022, stabilizing at the year before. In general, the yield showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for meat and poultry production reached X heads in 2022, approximately equating 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 pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Meat And Poultry Exports

Exports in South-Eastern Asia

Meat and poultry exports dropped slightly to X tons in 2022, waning by X% on the year before. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat and poultry exports skyrocketed to $X in 2022. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together committing a X% share of total exports. Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat and poultry exports from Thailand stood at X%. At the same time, Singapore (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest meat and poultry supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, meat and poultry exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing 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 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($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 a decline in the export price figures.

Meat And Poultry Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of meat and 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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, meat and poultry imports skyrocketed to $X in 2022. The total import value 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by Vietnam (X tons), Malaysia (X tons), Singapore (X tons) and Indonesia (X tons) were the main importers of meat and poultry, together making up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising 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 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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 Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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