Asia: Sausage Market 2024

Sausage Market Size in Asia

The Asian sausage market shrank slightly to $X in 2021, waning by -2.8% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Sausage Production in Asia

In value terms, sausage production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Sausage Exports

Exports in Asia

In 2021, exports of sausages and similar products of meat in Asia rose markedly to X tons, growing by 15% compared with 2020. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sausage exports dropped to $X in 2021. Over the period under review, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2014 when exports increased by 13%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X tons), China (X tons) and Thailand (X tons) represented the main exporter of sausages and similar products of meat in Asia, creating 72% of total export. It was distantly followed by the United Arab Emirates (X tons), committing a 10% share of total exports. Malaysia (X tons), Hong Kong SAR (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 62% share of total exports. The United Arab Emirates, Malaysia, Hong Kong SAR and the Philippines lagged somewhat behind, together accounting for a further 23%.

The United Arab Emirates, with a CAGR of +24.7%, saw 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

In 2021, the export price in Asia amounted to $X per ton, falling by -18.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 8.9% against the previous year. The level of export peaked 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 Hong Kong SAR ($X per ton), while Turkey ($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

Sausage imports expanded markedly to X tons in 2021, picking up by 7.9% on 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, sausage imports rose markedly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons), distantly followed by Japan (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Iraq (X tons) and South Korea (X tons) represented the main importers of sausages and similar products of meat, together mixing up 66% of total imports. The United Arab Emirates (X tons), Singapore (X tons), Oman (X tons), Democratic People's Republic of Korea (X tons), Azerbaijan (X tons) and Syrian Arab Republic (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of +69.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage importing markets in Asia were Japan ($X), Kazakhstan ($X) and Hong Kong SAR ($X), together accounting for 51% of total imports. Saudi Arabia, South Korea, the United Arab Emirates, Singapore, Azerbaijan, Iraq, Oman, Democratic People's Republic of Korea and Syrian Arab Republic lagged somewhat behind, together comprising a further 32%.

Syrian Arab Republic, with a CAGR of +59.8%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 4.3%. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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