Australia and Oceania: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Australia and Oceania

In 2020, the preserved belly cut market in Australia and Oceania decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The total consumption indicated a resilient increase 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, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. The level of consumption peaked at $X in 2019, and then contracted slightly in the following year.

Preserved Belly Cut Production in Australia and Oceania

In value terms, preserved belly cut production shrank to $X in 2020 estimated in export prices. Overall, production posted a remarkable increase. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019, and then fell in the following year.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest preserved belly cut producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, preserved belly cut production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), sevenfold.

In Australia, preserved belly cut production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (+X% per year) and New Zealand (+X% per year).

Preserved Belly Cut Exports

Exports in Australia and Oceania

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were finally on the rise to reach X tons after seven years of decline. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved belly cut exports surged to $X in 2020. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together finishing at X% of total export.

Australia was also the fastest-growing in terms of the hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest preserved belly cut supplier in Australia and Oceania.

From 2007 to 2020, the average annual growth rate of value in Australia amounted to -X%.

Export Prices by Country

The preserved belly cut export price in Australia and Oceania stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2007 to 2020, the rate of growth in terms of prices for Australia amounted to -X% per year.

Preserved Belly Cut Imports

Imports in Australia and Oceania

In 2020, imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Australia and Oceania skyrocketed to X tons, rising by X% on 2019. In general, imports, however, continue to indicate a abrupt downturn. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved belly cut imports skyrocketed to $X in 2020. Overall, imports, however, saw a abrupt slump. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Samoa was the major importer of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Australia and Oceania, with the volume of imports reaching X tons, which was approx. X% of total imports in 2020. Papua New Guinea (X tons) ranks second in terms of the total imports with a X% share, followed by Tokelau (X%), Guam (X%), Nauru (X%), Niue (X%), Marshall Islands (X%) and Tonga (X%).

From 2007 to 2020, average annual rates of growth with regard to preserved belly cut imports into Samoa stood at +X%. At the same time, Nauru (+X%), Tokelau (+X%), Niue (+X%) and Guam (+X%) displayed positive paces of growth. Moreover, Nauru emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. By contrast, Marshall Islands (-X%), Papua New Guinea (-X%) and Tonga (-X%) illustrated a downward trend over the same period. While the share of Samoa (+X p.p.), Nauru (+X p.p.), Tokelau (+X p.p.), Niue (+X p.p.), Guam (+X p.p.), Papua New Guinea (+X p.p.) and Marshall Islands (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Tonga (-X p.p.) displayed negative dynamics.

In value terms, Samoa ($X), Papua New Guinea ($X) and Tokelau ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Nauru, Marshall Islands, Niue, Guam and Tonga, which together accounted for a further X recorded the highest growth rate of the value of imports, among 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 belly cut import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Tonga ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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