Australia and Oceania: Preserved Pork Market 2021

Preserved Pork Market Size in Australia and Oceania

After two years of decline, the preserved pork market in Australia and Oceania increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Preserved Pork Production in Australia and Oceania

In value terms, preserved pork production reduced modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a lower figure.

Production By Country in Australia and Oceania

The country with the largest volume of preserved pork production was Australia (X tons), accounting for X% of total volume. Moreover, preserved pork production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Preserved Pork Exports

Exports in Australia and Oceania

In 2020, approx. X tons of pig meat salted (salted, in brine, dried or smoked) were exported in Australia and Oceania; falling by -X% on the year before. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved pork exports dropped sharply to $X in 2020. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, New Zealand (X tons) and Australia (X tons) was the major exporter of pig meat salted (salted, in brine, dried or smoked) in Australia and Oceania, achieving X% of total export.

From 2007 to 2020, the biggest increases were in New Zealand.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2020.

New Zealand saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2020, the preserved pork export price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Preserved Pork Imports

Imports in Australia and Oceania

In 2020, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved pork imports skyrocketed to $X in 2020. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Australia (X tons) represented the main importer of pig meat salted (salted, in brine, dried or smoked), creating X% of total imports. It was distantly followed by New Zealand (X tons), committing a X% share of total imports. The following importers - American Samoa (X tons), Tokelau (X tons), Guam (X tons), Nauru (X tons), Niue (X tons), Marshall Islands (X tons) and New Caledonia (X tons) - together made up X% of total imports.

Imports into Australia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Tokelau (+X%), Guam (+X%), American Samoa (+X%), Marshall Islands (+X%), Niue (+X%) and Nauru (+X%) displayed positive paces of growth. Moreover, Tokelau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. New Zealand experienced a relatively flat trend pattern. By contrast, New Caledonia (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.), Tokelau (+X p.p.), American Samoa (+X p.p.), Guam (+X p.p.), Marshall Islands (+X p.p.), Niue (+X p.p.) and Nauru (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of New Caledonia (-X p.p.) and New Zealand (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported pig meat salted (salted, in brine, dried or smoked) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and New Caledonia (-X% per year).

Import Prices by Country

In 2020, the preserved pork import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Import price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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