South-Eastern Asia: Poultry Market 2024

Poultry Market Size in South-Eastern Asia

In 2022, the Southeast Asian poultry market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Poultry Production in South-Eastern Asia

In value terms, poultry production stood at $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Indonesia (X tons) constituted the country with the largest volume of poultry production, accounting for X% of total volume. Moreover, poultry production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

In Indonesia, poultry production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

In 2022, the average poultry yield in South-Eastern Asia reduced slightly to X kg per head, dropping by X% on 2021 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the poultry yield hit record highs at X kg per head in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for poultry production in South-Eastern Asia; standing approx. at the previous year. This number 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 pace of growth was the most pronounced in 2017 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2019; however, from 2020 to 2022, producing animals stood at a somewhat lower figure.

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Poultry Exports

Exports in South-Eastern Asia

In 2022, the amount of poultry exported in South-Eastern Asia contracted slightly to X tons, which is down by X% on 2021. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, poultry exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 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 prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X tons), making up a X% share of total exports. Malaysia (X tons) took a minor share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (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.

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

In Thailand, 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 Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per ton), while Singapore ($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 mixed trends in the export price figures.

Poultry Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of poultry were imported in South-Eastern Asia; with an increase of X% compared with the year before. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, poultry imports soared to $X in 2022. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines was the key importing country with an import of about X tons, which resulted at X% of total imports. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Vietnam (X%). Timor-Leste (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2022. At the same time, Timor-Leste (X%), Malaysia (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Timor-Leste emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest poultry importing markets in South-Eastern Asia were the Philippines ($X), Singapore ($X) and Malaysia ($X), together accounting for X% of total imports.

In terms of the main importing countries, the Philippines, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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