Eastern Asia: Bacon And Ham Market 2024

Bacon And Ham Market Size in Eastern Asia

The East Asian bacon and ham market declined modestly to $X in 2022, falling by -2.7% against the previous year. Over the period under review, consumption, however, recorded a mild slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Bacon And Ham Production in Eastern Asia

In value terms, bacon and ham production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports in Eastern Asia

In 2022, bacon and ham exports in Eastern Asia fell remarkably to X tons, dropping by -28.3% against the year before. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, bacon and ham exports dropped sharply to $X in 2022. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) dominates exports structure, together constituting 91% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), committing an 8.2% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +13.4%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +18.9%, 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 a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 4% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham export price increased by +67.5% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 18%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.4%), while the other leaders experienced more modest paces of growth.

Bacon And Ham Imports

Imports in Eastern Asia

In 2022, bacon and ham imports in Eastern Asia contracted to X tons, declining by -6.1% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 43%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bacon and ham imports reduced to $X in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 30%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Japan (X tons), Hong Kong SAR (X tons), China (X tons) and South Korea (X tons) represented roughly 94% of total imports in 2022. Taiwan (Chinese) (X tons) and Macao SAR (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +44.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 80% of total imports.

China, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham import price increased by +98.5% against 2014 indices. The pace of growth was the most pronounced in 2015 an increase of 18%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :