Asia-Pacific: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Asia-Pacific

The Asia-Pacific preserved belly cut market was finally on the rise to reach $X in 2020, after two years of decline. 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in the near future.

Preserved Belly Cut Production in Asia-Pacific

In value terms, preserved belly cut production reached $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 most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2020 and is likely to see steady growth in years to come.

Production By Country in Asia-Pacific

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.

From 2007 to 2020, the average annual rate of growth in terms of volume in China totaled +X%. 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-Pacific

In 2020, approx. X tons of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were exported in Asia-Pacific; reducing by -X% on 2019. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, preserved belly cut exports declined markedly to $X in 2020. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) and Australia (X tons) dominates preserved belly cut exports structure, together generating X% of total exports. Singapore (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by China (X%). Japan (X tons), Malaysia (X tons) and Thailand (X tons) held a relatively small share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand, while exports for the other leaders experienced mixed trends in the exports figures.

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

In Hong Kong SAR, preserved belly cut exports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Australia (-X% per year) and China (-X% per year).

Export Prices by Country

The preserved belly cut export price in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. Export price indicated a strong increase 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. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

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 Belly Cut Imports

Imports in Asia-Pacific

In 2020, purchases abroad 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. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2012 to 2020, the growth imports remained at a lower figure.

In value terms, preserved belly cut imports dropped dramatically to $X in 2020. Total imports indicated a temperate increase from 2007 to 2020: its value decreased 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Hong Kong SAR was the largest importing country with an import of about X tons, which resulted at X% of total imports. Japan (X tons) held the second position in the ranking, followed by China (X tons) and Samoa (X tons). All these countries together held near X% share of total imports. The Philippines (X tons), Macao SAR (X tons), South Korea (X tons) and Thailand (X tons) followed a long way behind the leaders.

Imports into Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Thailand (+X%), Samoa (+X%), South Korea (+X%) and China (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, 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, Samoa, South Korea 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.

In value terms, the largest preserved belly cut importing markets in Asia-Pacific were Hong Kong SAR ($X), China ($X) and Japan ($X), with a combined X% share of total imports. South Korea, Macao SAR, Thailand, the Philippines and Samoa lagged somewhat behind, together comprising a further X the main importing countries, Thailand recorded 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

The preserved belly cut import price in Asia-Pacific stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the import price enjoyed a resilient increase. As a result, import price attained 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 ($X per ton), while Samoa ($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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