ASEAN: Meat And Poultry Market 2024

Meat And Poultry Market Size in ASEAN

In 2022, the ASEAN 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 showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in ASEAN

In value terms, meat and poultry production shrank to $X in 2022 estimated in export price. In general, production, however, showed 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), with a combined X% share 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 declined to X kg per head in 2022, remaining constant against 2021 figures. Overall, the yield recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the meat and poultry yield hit record highs at X kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in ASEAN; remaining stable against 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 was the most pronounced in 2017 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

Meat And Poultry Exports

Exports in ASEAN

Meat and poultry exports dropped to X tons in 2022, falling by X% on the year before. Overall, exports, however, saw a prominent increase. 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 soared to $X in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Thailand (X tons) was the key exporter of meat and poultry, achieving X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Malaysia (X tons) took a little 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 ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Singapore increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest meat and poultry supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($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. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 ASEAN

In 2022, overseas purchases of meat and poultry increased by X% to X tons, rising for the second year in a row 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 in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, meat and poultry imports skyrocketed to $X in 2022. The total import 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, imports reached the peak figure in 2022 and are 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) represented the largest importers of meat and poultry, together constituting 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 largest meat and poultry importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Vietnam ($X), together accounting for X% of total imports. Singapore and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded 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 ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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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