ASEAN: Poultry Incubator Market 2024

Poultry Incubator Market Size in ASEAN

In 2023, the ASEAN poultry incubator market increased by X% to $X, rising for the second consecutive year after nine years of decline. In general, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Poultry Incubator Production in ASEAN

In value terms, poultry incubator production contracted to $X in 2023 estimated in export price. Overall, production faced a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Poultry Incubator Exports

Exports in ASEAN

In 2023, overseas shipments of poultry incubators and brooders decreased by X% to X units, falling for the fifth consecutive year after three years of growth. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, poultry incubator exports reduced sharply to $X in 2023. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, amounting to X units, which was near X% of total exports in 2023. Thailand (X units) took a minor share of total exports.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2023. Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest poultry incubator supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Malaysia, poultry incubator exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Poultry Incubator Imports

Imports in ASEAN

Poultry incubator imports fell notably to X units in 2023, waning by X% against the year before. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, poultry incubator imports contracted rapidly to $X in 2023. In general, imports saw a perceptible descent. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Indonesia represented the largest importing country with an import of around X units, which finished at X% of total imports. The Philippines (X units) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Thailand (X%) and Malaysia (X%). The following importers - Cambodia (X units) and Myanmar (X units) - together made up X% of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Cambodia (X%), the Philippines (X%), Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Philippines (X p.p.), Malaysia (X p.p.) and Thailand (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 incubator importing markets in ASEAN were Indonesia ($X), the Philippines ($X) and Vietnam ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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

The import price in ASEAN stood at $X per unit in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per unit), while Thailand ($X per unit) 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