Asia: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

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

The Asian preserved swine meat cut market contracted to $X in 2021, reducing by -5.4% against the previous year. Over the period under review, consumption saw a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, preserved swine meat cut production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 15% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in Asia

In 2021, approx. X tons of prepared or preserved shoulders and cuts of swine meat were exported in Asia; which is down by -15.7% against the previous year. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of 218% against the previous year. The volume of export peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, preserved swine meat cut exports amounted to $X in 2021. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 90% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X tons, which was near 68% of total exports in 2021. It was distantly followed by the Philippines (X tons), Thailand (X tons) and Japan (X tons), together generating a 23% share of total exports. South Korea (X tons) and Turkey (X tons) held a minor share 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%), Turkey (+34.3%) and South Korea (+32.9%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +75.8% from 2012-2021. While the share of China (+48 p.p.), the Philippines (+8.9 p.p.), Thailand (+7.7 p.p.), Japan (+6.3 p.p.), South Korea (+2.6 p.p.) and Turkey (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest preserved swine meat cut supplier in Asia, comprising 62% of total exports. The second position in the ranking was taken by Japan ($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 expanded 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 stood at $X per ton in 2021, jumping by 19% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 79%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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

In 2021, preserved swine meat cut imports in Asia dropped to X tons, with a decrease of -5.6% on 2020. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 12%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat cut imports stood at $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) represented the major importer of prepared or preserved shoulders and cuts of swine meat in Asia, mixing up 99% of total import.

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.

In Japan, preserved swine meat cut imports increased at an average annual rate of +2.3% over the period from 2012-2021.

Import Prices by Country

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

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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