Asia-Pacific: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2025

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Asia-Pacific

The Asia-Pacific preserved swine meat cut market shrank to $X in 2021, with a decrease of -5.3% against the previous year. Over the period under review, consumption recorded a slight slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Asia-Pacific

In value terms, preserved swine meat cut production dropped to $X in 2021 estimated in export price. Overall, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in Asia-Pacific

Preserved swine meat cut exports declined sharply to X tons in 2021, reducing by -16.8% against 2020 figures. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 269%. The volume of export peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, preserved swine meat cut exports totaled $X in 2021. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 105% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X tons, which was near 70% of total exports in 2021. The Philippines (X tons) ranks second in terms of the total exports with a 9.3% share, followed by Thailand (8.2%) and Japan (6.5%). The following exporters - South Korea (X tons) and New Zealand (X tons) - together made up 5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved swine meat cut exports from China stood at +26.0%. At the same time, Japan (+75.8%), the Philippines (+71.8%), Thailand (+59.9%), South Korea (+32.9%) and New Zealand (+22.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +75.8% from 2012-2021. From 2012 to 2021, the share of China, the Philippines, Thailand, Japan and South Korea increased by +18, +8.8, +7.5, +6.3 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest preserved swine meat cut supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports. It was followed by the Philippines, with a 5.2% share.

In China, preserved swine meat cut exports increased at an average annual rate of +17.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+83.1% per year) and the Philippines (+56.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by 38%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports in Asia-Pacific

Preserved swine meat cut imports contracted to X tons in 2021, which is down by -5.4% against 2020. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved swine meat cut imports reached $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons) represented roughly 99% of total imports in 2021.

Japan was also the fastest-growing in terms of the prepared or preserved shoulders and cuts of swine meat imports, with a CAGR of +1.1% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported prepared or preserved shoulders and cuts of swine meat in Asia-Pacific.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +2.3%.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +1.1% per year.

Source: IndexBox Platform

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