China: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in China

The Chinese preserved swine meat market dropped modestly to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Swine Meat Production in China

In value terms, preserved swine meat production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Preserved swine meat production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Preserved Swine Meat Exports

Exports from China

In 2021, overseas shipments of prepared or preserved hams and cuts of swine meat were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat exports skyrocketed to $X in 2021. In general, exports, however, faced a abrupt downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for preserved swine meat exports from China, with a 1.7% share of total exports. Moreover, preserved swine meat exports to Singapore exceeded the volume sent to the second major destination, South Korea (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -21.2%.

In value terms, Singapore ($X) remains the key foreign market for prepared or preserved hams and cuts of swine meat exports from China, comprising 2.5% of total exports. The second position in the ranking was held by South Korea ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to -21.2%.

Export Prices by Country

The average preserved swine meat export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The growth pace was the most rapid in 2017 an increase of 25%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Swine Meat Imports

Imports into China

In 2021, overseas purchases of prepared or preserved hams and cuts of swine meat decreased by -57.9% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 2,822% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved swine meat imports reduced to $X in 2021. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 1,525% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

France (X kg), Spain (X kg) and Italy (X kg) were the main suppliers of preserved swine meat imports to China.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +43.9%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X) constituted the largest supplier of prepared or preserved hams and cuts of swine meat to China, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+39.0% per year) and Italy (-31.0% per year).

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2021, rising by 119% against the previous year. In general, the import price recorded a remarkable increase. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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