Eastern Asia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Eastern Asia

The East Asian preserved belly cut market reached $X in 2020, increasing by X% against the previous year. The total consumption indicated a strong increase 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, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Preserved Belly Cut Production in Eastern Asia

In value terms, preserved belly cut production rose modestly to $X in 2020 estimated in export prices. The total production indicated resilient 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 2014 indices. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to see gradual growth in the immediate term.

Production By Country in Eastern Asia

The country with the largest volume of preserved belly cut production was China (X tons), accounting for X% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), fourfold. South Korea (X tons) ranked third in terms of total production with a X% share.

In China, preserved belly cut production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Preserved Belly Cut Exports

Exports in Eastern Asia

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the ninth year in a row after two years of growth. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports dropped significantly to $X in 2020. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Hong Kong SAR dominates preserved belly cut exports structure, amounting to X tons, which was approx. X% of total exports in 2020. It was distantly followed by China (X tons) and Japan (X tons), together achieving a X% share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2020. Japan (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of China (-X p.p.) displayed negative dynamics.

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

In Hong Kong SAR, preserved belly cut exports remained relatively stable over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Japan (-X% per year).

Export Prices by Country

The preserved belly cut export price in Eastern Asia stood at $X per ton in 2020, growing by X% against the previous year. Export price indicated a strong expansion from 2007 to 2020: its price 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, preserved belly cut export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The level of export peaked in 2020 and is likely to continue growth in years to come.

Prices varied noticeably by the country of origin; 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 Belly Cut Imports

Imports in Eastern Asia

In 2020, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved belly cut imports declined remarkably to $X in 2020. Over the period under review, imports enjoyed tangible growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR represented the major importer of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2020. Japan (X tons) occupied the second position in the ranking, followed by China (X tons). All these countries together held approx. X% share of total imports. The following importers - Macao SAR (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to preserved belly cut imports into Hong Kong SAR stood at -X%. At the same time, South Korea (+X%) and China (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) and Macao SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan, Macao SAR and Hong Kong SAR saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively.

In value terms, the largest preserved belly cut importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by South Korea and Macao SAR, which together accounted for a further X Korea 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

The preserved belly cut import price in Eastern Asia stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the import price recorded a remarkable increase. As a result, import price attained 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 South Korea ($X per ton), while Japan ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :