Asia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Asia

In 2020, the Asian preserved belly cut market was finally on the rise to reach $X after two years of decline. The market 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 most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. The level of consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Preserved Belly Cut Production in Asia

In value terms, preserved belly cut production totaled $X in 2020 estimated in export prices. The total output 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is likely to see steady growth in the immediate term.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of preserved belly cut production, accounting for X% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Japan (X tons) ranked third in terms of total production with a X% share.

In China, preserved belly cut production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (+X% per year).

Preserved Belly Cut Exports

Exports in Asia

Preserved belly cut exports reduced dramatically to X tons in 2020, declining by -X% against 2019 figures. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports reduced rapidly to $X in 2020. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR prevails in preserved belly cut exports structure, finishing at X tons, which was near X% of total exports in 2020. Singapore (X tons) took the second position in the ranking, followed by China (X tons) and Japan (X tons). All these countries together occupied near X% share of total exports. Malaysia (X tons), Thailand (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to preserved belly cut exports from Hong Kong SAR stood at -X%. At the same time, Thailand (+X%), Malaysia (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Singapore (-X%), Japan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Hong Kong SAR, Singapore, Japan, Malaysia, Thailand and Sri Lanka increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) saw their share reduced.

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

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2020, the preserved belly cut export price in Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved belly cut export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; 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 Belly Cut Imports

Imports in Asia

In 2020, overseas purchases of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2012 to 2020, the growth imports failed to regain the momentum.

In value terms, preserved belly cut imports contracted sharply to $X in 2020. Over the period under review, imports recorded temperate growth. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Hong Kong SAR represented the key importer of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2020. It was distantly followed by Japan (X tons) and China (X tons), together creating a X% share of total imports. The Philippines (X tons), Macao SAR (X tons), South Korea (X tons), the United Arab Emirates (X tons), Lebanon (X tons) and Thailand (X tons) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to preserved belly cut imports into Hong Kong SAR stood at -X%. At the same time, Thailand (+X%), South Korea (+X%), Lebanon (+X%) and China (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, the United Arab Emirates (-X%), Japan (-X%), the Philippines (-X%) and Macao SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, South Korea, Lebanon and Thailand increased by +X%, +X%, +X% and +X% percentage points, while the Philippines (-X p.p.), Macao SAR (-X p.p.), Japan (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports. South Korea, Macao SAR, Thailand, the United Arab Emirates, the Philippines and Lebanon lagged somewhat behind, together comprising a further X terms of the main importing countries, Thailand saw 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

In 2020, the preserved belly cut import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($X per ton), while the Philippines ($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.

Source: IndexBox Platform

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