Japan: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Japan

In 2020, the Japanese preserved swine belly market decreased by -X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. Preserved swine belly consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Preserved Swine Belly Production in Japan

In value terms, preserved swine belly production reduced slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Preserved swine belly production peaked at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Preserved Swine Belly Exports

Exports from Japan

In 2020, after two years of decline, there was significant growth in overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume increased by X% to X tons. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2015 to 2020, the growth exports failed to regain the momentum.

In value terms, preserved swine belly exports surged to $X in 2020. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for preserved swine belly exports from Japan, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +X%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for preserved swine belly exports from Japan.

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR stood at +X%.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, export price indicated tangible growth 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 swine belly export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

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

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

Preserved Swine Belly Imports

Imports into Japan

In 2020, overseas purchases of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved swine belly imports dropped significantly to $X in 2020. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest supplier of preserved swine belly to Japan, accounting for a X% share of total imports. Moreover, preserved swine belly imports from Italy exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), more than tenfold.

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

In value terms, Italy ($X) constituted the largest supplier of preserved swine belly to Japan, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, import price indicated a buoyant increase 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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