South-Eastern Asia: Meat Market 2024

Meat Market Size in South-Eastern Asia

The Southeast Asian meat market stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Meat Production in South-Eastern Asia

In value terms, meat production stood at $X in 2022 estimated in export price. In general, production continues to indicate a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached 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 Vietnam (X tons), the Philippines (X tons) and Thailand (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average meat yield in South-Eastern Asia dropped slightly to X kg per head, reducing by X% against 2021 figures. In general, the yield continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. Over the period under review, the meat yield hit record highs at X kg per head in 2014; however, from 2015 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for meat production in South-Eastern Asia rose modestly to X heads, increasing by X% on the year before. In general, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2017; however, from 2018 to 2022, producing animals remained at a lower figure.

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Meat Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of meat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, meat exports reduced to $X in 2022. In general, exports showed a mild setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Vietnam (X tons) dominates exports structure, together comprising X% of total exports. Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia, Thailand and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Meat Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of meat were imported in South-Eastern Asia; growing by X% compared with 2021 figures. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, meat imports skyrocketed to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) was the main importer of meat, committing X% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Indonesia (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together took near X% share of total imports. Thailand (X tons) took a little share of total imports.

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

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 import price in South-Eastern Asia amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton 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 Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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