Eastern Asia: Fresh Pork Cut Market 2025

Fresh Pork Cut Market Size in Eastern Asia

The East Asian fresh pork cut market contracted dramatically to $X in 2022, which is down by -62.1% against the previous year. In general, consumption faced a abrupt decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Pork Cut Production in Eastern Asia

In value terms, fresh pork cut production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

China (X tons) constituted the country with the largest volume of fresh pork cut production, accounting for 100% of total volume.

In China, fresh pork cut production remained relatively stable over the period from 2012-2022.

Fresh Pork Cut Exports

Exports in Eastern Asia

In 2022, approx. X tons of fresh or chilled hams, shoulders and cuts of pig meat were exported in Eastern Asia; picking up by 192% compared with the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,458%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, fresh pork cut exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,649% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the one major exporters of fresh or chilled hams, shoulders and cuts of pig meat, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat exports, with a CAGR of +64.2% from 2012 to 2022. While the share of China (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fresh pork cut supplier in Eastern Asia.

In China, fresh pork cut exports increased at an average annual rate of +67.3% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 9.1% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 60%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.9% per year.

Fresh Pork Cut Imports

Imports in Eastern Asia

In 2022, overseas purchases of fresh or chilled hams, shoulders and cuts of pig meat were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, fresh pork cut imports reduced to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 51% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) was the key importer of fresh or chilled hams, shoulders and cuts of pig meat, constituting 65% of total imports. Japan (X tons) ranks second in terms of the total imports with a 19% share, followed by Hong Kong SAR (8.3%). Taiwan (Chinese) (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fresh pork cut imports into South Korea stood at +1.5%. At the same time, Hong Kong SAR (+18.2%) and Japan (+9.0%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +18.2% from 2012-2022. By contrast, Taiwan (Chinese) (-19.5%) and China (-30.0%) illustrated a downward trend over the same period. South Korea (+38 p.p.), Japan (+15 p.p.) and Hong Kong SAR (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and China saw its share reduced by -13.1% and -48.4% from 2012 to 2022, respectively.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, with a combined 92% share of total imports.

Hong Kong SAR, with a CAGR of +12.4%, 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 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -19.9% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork cut import price increased by +70.1% against 2013 indices. The growth pace was the most rapid in 2021 when the import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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