Asia-Pacific: Preserved Pork Market 2021

Preserved Pork Market Size in Asia-Pacific

For the seventh consecutive year, the Asia-Pacific preserved pork market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% 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 2011 when the market value increased by X% against the previous year. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Preserved Pork Production in Asia-Pacific

In value terms, preserved pork production reached $X in 2020 estimated in export prices. The total production indicated noticeable growth from 2007 to 2020: its value 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, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of preserved pork production, comprising approx. X% of total volume. Moreover, preserved pork production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. 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 stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (-X% per year).

Preserved Pork Exports

Exports in Asia-Pacific

In 2020, after two years of growth, there was significant decline in shipments abroad of pig meat salted (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, preserved pork exports declined significantly to $X in 2020. Overall, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. The level of export peaked at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, China (X tons), Thailand (X tons) and South Korea (X tons) represented the main exporter of pig meat salted (salted, in brine, dried or smoked) in Asia-Pacific, making up X% of total export. New Zealand (X tons) took the next position in the ranking, followed by Australia (X tons), Cambodia (X tons), the Philippines (X tons) and Myanmar (X tons). All these countries together took near X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in South Korea (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the largest preserved pork supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Australia (-X% per year) and Thailand (+X% per year).

Export Prices by Country

The preserved pork export price in Asia-Pacific stood at $X per ton in 2020, reducing by -X% against the previous year. Export price indicated measured 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 pork export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2012 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Cambodia ($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 Pork Imports

Imports in Asia-Pacific

In 2020, overseas purchases of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the sixth year in a row after five years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, preserved pork imports skyrocketed to $X in 2020. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The level of import peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of preserved pork imports in 2020 were Japan (X tons), Australia (X tons) and Singapore (X tons), together resulting at X% of total import. Hong Kong SAR (X tons) ranks next in terms of the total imports with a X% share, followed by China (X%) and New Zealand (X%). South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. China, South Korea, New Zealand and Hong Kong SAR lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 pork import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Import price indicated a prominent 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. Based on 2020 figures, preserved pork import price increased by +X% against 2014 indices. 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 South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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