Japan: Meat Dishes Market 2024

Meat Dishes Market Size in Japan

The Japanese meat dishes market rose sharply to $X in 2022, surging by 5.9% against the previous year. Over the period under review, consumption, however, recorded a slight setback. Meat dishes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Meat Dishes Production in Japan

In value terms, meat dishes production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Meat Dishes Exports

Exports from Japan

In 2022, after two years of growth, there was significant decline in overseas shipments of meat dishes, when their volume decreased by -31.1% to X tons. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 194%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, meat dishes exports shrank modestly to $X in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by 94%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for meat dishes exports from Japan, accounting for a 86% share of total exports. Moreover, meat dishes exports to Hong Kong SAR exceeded the volume sent to the second major destination, the Philippines (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+124.2% per year) and Vietnam (-1.0% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for meat dishes exports from Japan, comprising 87% of total exports. The second position in the ranking was held by the Philippines ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+107.3% per year) and Vietnam (+9.6% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, picking up by 41% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Meat Dishes Imports

Imports into Japan

In 2022, supplies from abroad of meat dishes increased by 7.6% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, meat dishes imports expanded remarkably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons), China (X tons) and the United States (X tons) were the main suppliers of meat dishes imports to Japan, with a combined 89% share of total imports. Denmark and Canada lagged somewhat behind, together comprising a further 4.1%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +15.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and the United States ($X) constituted the largest meat dishes suppliers to Japan, with a combined 91% share of total imports. Denmark and Canada lagged somewhat behind, together comprising a further 3%.

Denmark, with a CAGR of +9.6%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and China ($X per ton), while the price for Denmark ($X per ton) and Canada ($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 (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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