ASEAN: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in ASEAN

The ASEAN market for fresh or chilled pig meat other than cuts or carcases totaled $X in 2022, approximately reflecting the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in ASEAN

In value terms, production of fresh or chilled pig meat other than cuts or carcases amounted to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Indonesia (X tons) remains the largest fresh pork other than cuts or carcases producing country in ASEAN, accounting for 61% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. Malaysia (X tons) ranked third in terms of total production with a 15% share.

In Indonesia, production of fresh or chilled pig meat other than cuts or carcases expanded at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+5.4% per year) and Malaysia (+7.0% per year).

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in ASEAN

In 2022, exports of fresh or chilled pig meat other than cuts or carcases in ASEAN stood at X tons, growing by 11% against the previous year's figure. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 333% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 325% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand dominates carcases structure, finishing at X tons, which was near 92% of total exports in 2022. It was distantly followed by Malaysia (X tons), constituting a 7.1% share of total exports.

Thailand was also the fastest-growing in terms of the fresh or chilled pig meat other than cuts or carcases exports, with a CAGR of +65.0% from 2012 to 2022. At the same time, Malaysia (+22.4%) displayed positive paces of growth. While the share of Thailand (+55 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-49 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest fresh pork other than cuts or carcases supplier in ASEAN, comprising 94% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at +64.5%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, increasing by 6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.3%).

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in ASEAN

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were imported in ASEAN; waning by -23.9% compared with 2021. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases contracted to $X in 2022. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) represented the major importer of fresh or chilled pig meat other than cuts or carcases, mixing up 62% of total imports. Malaysia (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Brunei Darussalam (15%). Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh pork other than cuts or carcases imports into Singapore stood at -9.8%. At the same time, Malaysia (+14.5%) and Brunei Darussalam (+7.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +14.5% from 2012-2022. By contrast, Indonesia (-11.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Brunei Darussalam increased by +14 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases in ASEAN, comprising 72% of total imports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 12% share of total imports. It was followed by Malaysia, with a 7.7% share.

In Singapore, imports of fresh or chilled pig meat other than cuts or carcases decreased by an average annual rate of -6.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brunei Darussalam (+12.9% per year) and Malaysia (+14.4% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2020 when the import price increased by 20% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform