Asia: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Asia

The Asian preserved swine belly market stood at $X in 2020, leveling off at the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. The level of consumption peaked in 2020 and is likely to continue growth in years to come.

Preserved Swine Belly Production in Asia

In value terms, preserved swine belly production stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2020 and is likely to continue growth in years to come.

Production By Country in Asia

The country with the largest volume of preserved swine belly production was China (X tons), comprising approx. X% of total volume. Moreover, preserved swine belly production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (+X% per year).

Preserved Swine Belly Exports

Exports in Asia

Preserved swine belly exports shrank notably to X tons in 2020, falling by -X% on 2019. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, preserved swine belly exports contracted to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Hong Kong SAR was the main exporter of bellies and cuts of swine (salted, in brine, dried or smoked) in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2020. China (X tons) took the second position in the ranking, followed by Turkey (X tons) and Japan (X tons). All these countries together held near X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

Exports from Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2020. At the same time, Japan (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Turkey experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Hong Kong SAR, Turkey and Japan increased by +X%, +X% and +X% percentage points, while Thailand (-X p.p.) and China (-X p.p.) saw their share reduced.

In value terms, Hong Kong SAR ($X) remains the largest preserved swine belly supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Hong Kong SAR, preserved swine belly exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Turkey (X% per year).

Export Prices by Country

In 2020, the preserved swine belly export price in Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports in Asia

After four years of growth, supplies from abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons in 2020. In general, imports saw a noticeable curtailment. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019, and then dropped dramatically in the following year.

In value terms, preserved swine belly imports contracted dramatically to $X in 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports of bellies and cuts of swine (salted, in brine, dried or smoked) in 2020. It was distantly followed by Japan (X tons), constituting a X% share of total imports. The United Arab Emirates (X tons), Macao SAR (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Lao People's Democratic Republic, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. The United Arab Emirates, Macao SAR and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X terms of the main importing countries, Lao People's Democratic Republic recorded 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 2020, the preserved swine belly import price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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