Japan: Bacon And Ham Market 2024

Bacon And Ham Market Size in Japan

The Japanese bacon and ham market dropped to $X in 2022, reducing by -2.9% against the previous year. Over the period under review, consumption, however, saw a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Bacon And Ham Production in Japan

In value terms, bacon and ham production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports from Japan

In 2022, bacon and ham exports from Japan surged to X kg, picking up by 27% compared with the previous year's figure. In general, exports, however, saw a sharp setback. The pace of growth was the most pronounced in 2017 when exports increased by 476%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 252%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for bacon and ham exports from Japan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -10.3%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Japan.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -18.0%.

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, shrinking by -25.3% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -0.3% per year.

Bacon And Ham Imports

Imports into Japan

In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat imported into Japan reduced to X tons, waning by -12% on 2021. In general, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, bacon and ham imports dropped notably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 13%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest bacon and ham supplier to Japan, with a 55% share of total imports. Moreover, bacon and ham imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.3% per year) and the United States (+3.3% per year).

In value terms, Spain ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Japan, comprising 58% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.2% per year) and the United States (+6.6% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, dropping by -8.3% against the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2020 an increase of 8.9%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and Spain ($X per ton), while the price for Italy ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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