ASEAN: Egg Product Market 2024

Egg Product Market Size in ASEAN

In 2023, the ASEAN egg product market increased by X% to $X, rising for the seventh year in a row after four years of decline. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in years to come.

Egg Product Production in ASEAN

In value terms, egg product production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level in 2023 and is expected to retain growth in years to come.

Egg Product Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of egg products, which increased by X% to X tons in 2023. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, egg product exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the main exporting country with an export of around X tons, which accounted for X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons). All these countries together held approx. X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia and Vietnam increased by X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

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

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

Egg Product Imports

Imports in ASEAN

In 2023, overseas purchases of egg products decreased by X% to X tons for the first time since 2015, thus ending a seven-year rising trend. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, egg product imports declined slightly to $X in 2023. Total imports indicated a strong 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then reduced slightly in the following year.

Imports by Country

The countries with the highest levels of egg product imports in 2023 were Thailand (X tons), Indonesia (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons), together finishing at X% of total import. It was distantly followed by Malaysia (X tons), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Thailand, Singapore and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Malaysia, 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 ASEAN amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform