Australia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Australia

After two years of growth, the Australian preserved belly cut market decreased by -X% to $X in 2020. In general, the total consumption indicated a resilient expansion 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 pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Preserved belly cut consumption peaked at $X in 2019, and then shrank in the following year.

Preserved Belly Cut Production in Australia

In value terms, preserved belly cut production contracted to $X in 2020 estimated in export prices. Over the period under review, production showed a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2019, and then dropped in the following year.

Preserved Belly Cut Exports

Exports from Australia

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) was finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, showed a deep downturn. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved belly cut exports soared to $X in 2020. Overall, exports, however, saw a abrupt contraction. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for preserved belly cut exports from Australia, accounting for a X% share of total exports. Moreover, preserved belly cut exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), twofold. Nauru (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to New Zealand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-X% per year) and Nauru (+X% per year).

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

In terms of the main countries of destination, New Zealand saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price showed a slight setback. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Zealand ($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 Papua New Guinea, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports into Australia

In 2020, overseas purchases of hams, shoulders 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 six years of growth. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports dropped sharply to $X in 2020. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

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

From 2007 to 2020, the average annual growth rate of volume from Italy totaled -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Italy totaled -X%.

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated mild growth from 2007 to 2020: its price 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, preserved belly cut import price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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