Eastern Asia: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Eastern Asia

The East Asian preserved swine belly market stood at $X in 2020, remaining stable against the previous year. The total consumption indicated a notable 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 2011 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Swine Belly Production in Eastern Asia

In value terms, preserved swine belly production rose modestly to $X in 2020 estimated in export prices. The total production indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to see gradual growth in the near future.

Production By Country in Eastern Asia

China (X tons) remains the largest preserved swine belly producing country in Eastern Asia, accounting for X% of total volume. Moreover, preserved swine belly production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), fivefold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

In China, preserved swine belly production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and South Korea (+X% per year).

Preserved Swine Belly Exports

Exports in Eastern Asia

In 2020, preserved swine belly exports in Eastern Asia fell rapidly to X tons, shrinking by -X% on 2019. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, preserved swine belly exports fell significantly to $X in 2020. In general, exports showed modest growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, Hong Kong SAR (X tons) was the key exporter of bellies and cuts of swine (salted, in brine, dried or smoked), generating X% of total exports. It was distantly followed by China (X tons) and Japan (X tons), together creating a X% share of total exports.

Exports from Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2020. At the same time, Japan (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, China (-X%) illustrated a downward trend over the same period. Hong Kong SAR (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Hong Kong SAR ($X) remains the largest preserved swine belly supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Hong Kong SAR amounted to +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the preserved swine belly export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 an increase of X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports in Eastern Asia

In 2020, after six years of growth, there was significant decline in purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2019, and then declined rapidly in the following year.

In value terms, preserved swine belly imports plummeted to $X in 2020. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

South Korea (X tons) and Hong Kong SAR (X tons) were the largest importers of bellies and cuts of swine (salted, in brine, dried or smoked) in 2020, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Japan (X tons), generating a X% share of total imports. The following importers - Macao SAR (X tons), Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Democratic People's Republic of Korea, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Macao SAR, Taiwan (Chinese) and Democratic People's Republic of Korea, which together accounted for a further X People's Republic of Korea saw the highest rates of growth with regard to the value of imports, in terms of 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 2020, the preserved swine belly import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2020, 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.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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