Asia-Pacific: Sausage Market 2024

Sausage Market Size in Asia-Pacific

The Asia-Pacific sausage market dropped modestly to $X in 2021, shrinking by -3% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Sausage Production in Asia-Pacific

In value terms, sausage production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Sausage Exports

Exports in Asia-Pacific

Sausage exports skyrocketed to X tons in 2021, picking up by 22% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sausage exports reached $X in 2021. Over the period under review, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2014 when exports increased by 7.6% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and Thailand (X tons) dominates exports structure, together achieving 76% of total exports. It was distantly followed by Malaysia (X tons), committing a 6.9% share of total exports. The following exporters - Hong Kong SAR (X tons), the Philippines (X tons), Australia (X tons) and South Korea (X tons) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +12.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sausage supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Malaysia ($X), with a combined 76% share of total exports. Australia, Hong Kong SAR, South Korea and the Philippines lagged somewhat behind, together comprising a further 19%.

South Korea, with a CAGR of +13.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -15.9% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 15%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%), while the other leaders experienced more modest paces of growth.

Sausage Imports

Imports in Asia-Pacific

Sausage imports totaled X tons in 2021, surging by 3.1% against the previous year. Overall, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, sausage imports rose to $X in 2021. Over the period under review, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2019 with an increase of 12%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), distantly followed by Hong Kong SAR (X tons), South Korea (X tons), Singapore (X tons) and Democratic People's Republic of Korea (X tons) represented the main importers of sausages and similar products of meat, together committing 74% of total imports. The following importers - Australia (X tons), Maldives (X tons), the Philippines (X tons), Samoa (X tons), Macao SAR (X tons) and New Caledonia (X tons) - each accounted for an 11% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +16.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported sausages and similar products of meat in Asia-Pacific, comprising 39% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 20% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to -7.2%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+2.6% per year) and South Korea (+6.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.4% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+27.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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