Asia-Pacific: 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-Pacific

The Asia-Pacific meat meals and pellets market was estimated at $X in 2023, approximately reflecting the previous year. The market 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. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

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

In value terms, meat meals and pellets production reached $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 throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

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

Exports in Asia-Pacific

After three years of decline, shipments abroad of flours, meals and pellets of meat or meat offal increased by X% to X tons in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, meat meals and pellets exports amounted to $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Australia was the largest exporter of flours, meals and pellets of meat or meat offal in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X tons), making up a X% share of total exports. The following exporters - Malaysia (X tons) and South Korea (X tons) - each finished at a X% share of total exports.

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

In value terms, the largest meat meals and pellets supplying countries in Asia-Pacific were Australia ($X), New Zealand ($X) and South Korea ($X), with a combined X% share of total exports. These countries were followed by Malaysia, which accounted for a further X%.

Among the main exporting countries, Malaysia, 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-Pacific amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a modest expansion. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia-Pacific

In 2023, meat meals and pellets imports in Asia-Pacific totaled X tons, surging by X% against the previous year's figure. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, meat meals and pellets imports expanded notably to $X in 2023. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of meat meals and pellets imports in 2023 were Vietnam (X tons), Indonesia (X tons), China (X tons), Thailand (X tons) and the Philippines (X tons), together amounting to X% of total import. The following importers - Myanmar (X tons) and Singapore (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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, the largest meat meals and pellets importing markets in Asia-Pacific were China ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports. Thailand, the Philippines, Myanmar and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, recorded 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 Asia-Pacific stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated a pronounced expansion 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 pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: 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