Poultry Incubator Market

The article discusses the rising demand for poultry incubators globally, leading to an anticipated increase in market performance over the next eight years. Consumption is expected to rise slightly, with a forecasted increase in market volume to 886K units and market value to $5.5B by 2030. The article covers consumption trends, production trends, import trends, and export trends in the poultry incubator market. It also highlights major importing countries like China, the United States, and India, as well as major exporting countries like China, Belgium, and the Netherlands.

Market Forecast

Driven by rising demand for poultry incubator worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 886K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market value to $5.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Poultry Incubators And Brooders

In 2022, consumption of poultry incubators and brooders was finally on the rise to reach 825K units after nine years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, global consumption attained the maximum volume at 2.5M units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global poultry incubator market revenue rose notably to $4.7B in 2022, surging by 7.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt contraction. Over the period under review, the global market hit record highs at $15.8B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (243K units), the United States (183K units) and India (100K units), together accounting for 64% of global consumption. Romania, Japan, Germany, Russia and Brazil lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Romania (with a CAGR of +1.1%), while consumption for the other global leaders experienced a decline in the consumption figures.

In value terms, China ($1.3B), the United States ($1.2B) and India ($915M) were the countries with the highest levels of market value in 2022, together comprising 73% of the global market. Japan, Germany, Brazil, Russia and Romania lagged somewhat behind, together accounting for a further 9.4%.

Romania, with a CAGR of -0.8%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced a decline in the market figures.

In 2022, the highest levels of poultry incubator per capita consumption was registered in Romania (3,441 units per million persons), followed by the United States (547 units per million persons), Germany (215 units per million persons) and Japan (183 units per million persons), while the world average per capita consumption of poultry incubator was estimated at 105 units per million persons.

In Romania, poultry incubator per capita consumption increased at an average annual rate of +1.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (-8.8% per year) and Germany (-17.1% per year).

Production

World Production of Poultry Incubators And Brooders

In 2022, production of poultry incubators and brooders was finally on the rise to reach 847K units after nine years of decline. In general, production, however, continues to indicate a abrupt curtailment. Global production peaked at 2.5M units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, poultry incubator production rose rapidly to $4.8B in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. Global production peaked at $15.8B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (263K units), the United States (193K units) and India (98K units), with a combined 65% share of global production. Romania, Japan, Germany, Russia and Brazil lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Romania (with a CAGR of +1.2%), while production for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Poultry Incubators And Brooders

In 2022, purchases abroad of poultry incubators and brooders decreased by -28.9% to 43K units, falling for the fourth consecutive year after two years of growth. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 49%. As a result, imports attained the peak of 79K units. From 2019 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, poultry incubator imports fell to $227M in 2022. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when imports increased by 14% against the previous year. Over the period under review, global imports reached the peak figure at $300M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Nigeria (3.7K units), followed by Brazil (2.4K units) represented the major importers of poultry incubators and brooders, together mixing up 14% of total imports. The following importers - Indonesia (1.9K units), Mozambique (1.8K units), South Korea (1.8K units), the United States (1.7K units), China (1.6K units), Iraq (1.6K units), India (1.4K units), Finland (1.2K units), France (1.1K units), Ecuador (1.1K units) and Thailand (1K units) - together made up 37% of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +49.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest poultry incubator importing markets worldwide were the United States ($11M), India ($9.4M) and Indonesia ($9.2M), together comprising 13% of global imports. Brazil, Nigeria, Iraq, Thailand, Mozambique, France, Ecuador, South Korea, China and Finland lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, Finland, with a CAGR of +47.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average poultry incubator import price stood at $5,238 per unit in 2022, growing by 20% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $5,979 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($6,820 per unit), while Nigeria ($1,804 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Poultry Incubators And Brooders

In 2022, overseas shipments of poultry incubators and brooders increased by 4.1% to 65K units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 67%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, poultry incubator exports fell to $260M in 2022. Overall, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. As a result, the exports attained the peak of $346M. From 2019 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

In 2022, China (21K units), distantly followed by the United States (12K units), Belgium (8K units), the Netherlands (5.6K units), Spain (5.4K units) and Malaysia (3K units) were the main exporters of poultry incubators and brooders, together creating 83% of total exports. Canada (2.7K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +34.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($58M), China ($48M) and the Netherlands ($48M) appeared to be the countries with the highest levels of exports in 2022, together comprising 59% of global exports.

In terms of the main exporting countries, China, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average poultry incubator export price amounted to $3,984 per unit, waning by -10.2% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 23%. The global export price peaked at $7,973 per unit in 2014; however, from 2015 to 2022, 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 the Netherlands ($8,599 per unit), while the United States ($603 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform