Australia: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Australia

In 2020, after five years of growth, there was decline in the Australian preserved swine belly market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Preserved swine belly consumption peaked at $X in 2019, and then dropped slightly in the following year.

Preserved Swine Belly Production in Australia

In value terms, preserved swine belly production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Preserved swine belly production peaked in 2020 and is expected to retain growth in years to come.

Preserved Swine Belly Exports

Exports from Australia

In 2020, shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, preserved swine belly exports surged to $X in 2020. Over the period under review, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Vanuatu (X tons), Nauru (X tons) and Solomon Islands (X tons) were the main destinations of preserved swine belly exports from Australia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nauru (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Vanuatu ($X) and Nauru ($X) constituted the largest markets for preserved swine belly exported from Australia worldwide, with a combined X% share of total exports.

Nauru (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average preserved swine belly export price amounted to $X per ton, declining by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Nauru ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Australia

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports contracted rapidly to $X in 2020. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Denmark (X tons) was the main preserved swine belly supplier to Australia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Denmark amounted to +X%.

In value terms, Denmark ($X) constituted the largest supplier of preserved swine belly to Australia.

From 2007 to 2020, the average annual growth rate of value from Denmark totaled +X%.

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

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

Source: IndexBox Platform

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