Asia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

The Asian meat meals and pellets market totaled $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Asia

In value terms, meat meals and pellets production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Asia

In 2023, after three years of growth, there was decline in shipments abroad of flours, meals and pellets of meat or meat offal, when their volume decreased by X% to X tons. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, meat meals and pellets exports fell markedly to $X in 2023. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Saudi Arabia (X tons), distantly followed by Iran (X tons), Malaysia (X tons), South Korea (X tons), Vietnam (X tons) and Oman (X tons) represented the major exporters of flours, meals and pellets of meat or meat offal, together achieving X% of total exports. Cyprus (X tons) held a little share 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 Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest meat meals and pellets supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Saudi Arabia totaled X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

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

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Asia

In 2023, the amount of flours, meals and pellets of meat or meat offal imported in Asia expanded markedly to X tons, picking up by X% on the year before. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, meat meals and pellets imports expanded remarkably to $X in 2023. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Vietnam (X tons), Indonesia (X tons), China (X tons), Thailand (X tons) and the Philippines (X tons) represented the key importer of flours, meals and pellets of meat or meat offal in Asia, comprising X% of total import. Myanmar (X tons), Singapore (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Thailand, the Philippines, Myanmar, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Myanmar, 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

In 2023, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, meat meals and pellets import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

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 China ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, 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