India: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in India

In 2020, the Indian preserved swine belly market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in India

In value terms, preserved swine belly production rose slightly to $X in 2020 estimated in export prices. Overall, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Preserved swine belly production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Preserved Swine Belly Exports

Exports from India

In 2020, overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by X% to X kg, falling for the second year in a row after two years of decline. Overall, exports recorded a significant expansion. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, preserved swine belly exports stood at $X in 2020. In general, exports showed a buoyant expansion. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Nepal (X tons) and Bhutan (X tons) were the main destinations of preserved swine belly exports from India.

From 2007 to 2018, the biggest increases were in Nepal (+X% per year).

From 2007 to 2018, the average annual rate of growth in terms of value to Nepal totaled +X%.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a abrupt setback. As a result, export price attained the peak level of $X per ton. from 2009 to 2018, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2018, the country with the highest price was Nepal ($X per ton), while the average price for exports to Bhutan stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan.

Preserved Swine Belly Imports

Imports into India

Preserved swine belly imports into India stood at X tons in 2020, surging by X% on 2019. Overall, imports saw noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved swine belly imports shrank to $X in 2020. In general, imports continue to indicate a slight setback. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest preserved swine belly supplier to India, with a X% share of total imports. Moreover, preserved swine belly imports from the U.S. exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was occupied by Belgium (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Belgium (-X% per year).

In value terms, the U.S. ($X), the Netherlands ($X) and Italy ($X) constituted the largest preserved swine belly suppliers to India, together comprising X% of total imports.

The Netherlands recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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