China: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in China

The Chinese preserved swine belly market totaled $X in 2020, remaining stable against the previous year. In general, the total consumption indicated a noticeable 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 2014 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the near future.

Preserved Swine Belly Production in China

In value terms, preserved swine belly production reached $X in 2020 estimated in export prices. Over the period under review, the total production 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, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Preserved swine belly production peaked in 2020 and is likely to continue growth in the immediate term.

Preserved Swine Belly Exports

Exports from China

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) exported from China contracted significantly to X tons, dropping by -X% against the previous year. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, preserved swine belly exports declined modestly to $X in 2020. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Macao SAR (X tons) and Italy (X tons) were the main destinations of preserved swine belly exports from China.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR, while exports for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and Italy ($X) were the largest markets for preserved swine belly exported from China worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Macao SAR recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Italy ($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 Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into China

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) imported into China shrank markedly to X tons, waning by -X% on 2019 figures. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, preserved swine belly imports reduced remarkably to $X in 2020. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume from Italy stood at +X%.

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

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

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price saw prominent growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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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