Indonesia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Indonesia

For the seventh consecutive year, the Indonesian preserved belly cut market recorded growth in sales value, which increased by X% to $X in 2020. Overall, the total consumption indicated a remarkable 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 2007 indices. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Preserved Belly Cut Production in Indonesia

In value terms, preserved belly cut production stood at $X in 2020 estimated in export prices. In general, the total production indicated strong 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 2007 indices. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% against the previous year. Preserved belly cut production peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Belly Cut Exports

Exports from Indonesia

After two years of decline, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by X% to X kg in 2020. In general, exports enjoyed a significant expansion. Over the period under review, exports attained the peak figure at X kg in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, preserved belly cut exports totaled $X in 2020. Overall, exports posted a significant increase. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Timor-Leste (X kg) was the main destination for preserved belly cut exports from Indonesia, with a approx. X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of volume to Timor-Leste amounted to +X%.

From 2007 to 2017, the average annual growth rate of value to Timor-Leste amounted to +X%.

Export Prices by Country

In 2017, the average preserved belly cut export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price recorded a perceptible expansion. The export price peaked in 2017 and is expected to retain growth in the immediate term.

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

From 2007 to 2017, the rate of growth in terms of prices for Timor-Leste amounted to +X% per year.

Preserved Belly Cut Imports

Imports into Indonesia

In 2020, overseas purchases of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, preserved belly cut imports surged to $X in 2020. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Singapore (X tons) was the main supplier of preserved belly cut to Indonesia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Singapore totaled +X%.

In value terms, Singapore ($X) constituted the largest supplier of preserved belly cut to Indonesia.

From 2007 to 2020, the average annual growth rate of value from Singapore stood at +X%.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price showed a noticeable increase. The growth pace was the most rapid in 2019 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2007 to 2020, the rate of growth in terms of prices for Singapore amounted to +X% per year.

Source: IndexBox Platform

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