Asia: Meat Market 2024

Meat Market Size in Asia

The Asian meat market contracted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat Production in Asia

In value terms, meat production totaled $X in 2022 estimated in export price. The total production indicated a temperate expansion 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 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of meat production, accounting for X% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), ninefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In China, meat production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

In 2022, the average meat yield in Asia contracted to X kg per head, which is down by X% against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the yield reached the peak level of X kg per head, and then reduced in the following year.

The global number of animals slaughtered for meat production dropped to X heads in 2022, which is down by X% against the year before. In general, the number of producing animals saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2015; however, from 2016 to 2022, producing animals remained at a lower figure.

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Meat Exports

Exports in Asia

In 2022, overseas shipments of meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports rose modestly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons) and Hong Kong SAR (X tons), together generating a X% share of total exports. The United Arab Emirates (X tons), China (X tons), Kazakhstan (X tons) and Singapore (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of exports of meat. At the same time, Kazakhstan (X%), the United Arab Emirates (X%), Singapore (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), the United Arab Emirates (X p.p.), Kazakhstan (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest meat supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped modestly in the following year.

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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Meat Imports

Imports in Asia

In 2022, supplies from abroad of meat decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, meat imports reached $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

China represented the major importing country with an import of about X tons, which amounted to X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and the Philippines (X%). The following importers - Malaysia (X tons), Hong Kong SAR (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Vietnam (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Indonesia (X%), the Philippines (X%), Taiwan (Chinese) (X%), Malaysia (X%), the United Arab Emirates (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), Hong Kong SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, meat imports 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: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in 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%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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