Asia: Canned Meat Market 2024

Canned Meat Market Size in Asia

The Asian canned meat market expanded modestly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Canned Meat Production in Asia

In value terms, canned meat production amounted to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Canned Meat Exports

Exports in Asia

In 2023, shipments abroad of canned meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, canned meat exports shrank modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Thailand (X tons) and China (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Turkey (X tons), creating a X% share of total exports. The following exporters - the United Arab Emirates (X tons), Malaysia (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat supplying countries in Asia were Thailand ($X), China ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Malaysia, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Canned Meat Imports

Imports in Asia

Canned meat imports dropped modestly to X tons in 2023, with a decrease of X% against the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, canned meat imports shrank modestly to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then shrank modestly in the following year.

Imports by Country

Japan prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X tons), comprising a X% share of total imports. The following importers - South Korea (X tons), China (X tons), Singapore (X tons), the Philippines (X tons), Kuwait (X tons), the United Arab Emirates (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of canned meat. At the same time, China (X%), Kazakhstan (X%), Kuwait (X%), South Korea (X%), Singapore (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, China and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported canned meat in Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, canned meat imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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