Japan: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Japan

The Japanese market for salted, dried or smoked meat, and offal fell dramatically to $X in 2022, which is down by -17.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Japan

After two years of growth, shipments abroad of salted, dried or smoked meat, and offal decreased by -16.2% to X kg in 2022. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 507%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal rose remarkably to $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 855% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Hong Kong SAR (X kg) was the main destination for exports of salted, dried or smoked meat, and offal from Japan, with a 68% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+44.8% per year) and the United Arab Emirates (+11.6% per year).

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X) appeared to be the largest markets for salted, dried or smoked meat, and offal exported from Japan worldwide, with a combined 98% share of total exports.

Taiwan (Chinese), with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, increasing by 32% against the previous year. In general, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 466%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 Hong Kong SAR (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Japan

Imports of salted, dried or smoked meat, and offal into Japan fell to X tons in 2022, dropping by -13.7% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of salted, dried or smoked meat, and offal contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 14%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Japan, together comprising 72% of total imports. Italy, Thailand and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Japan, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.3% per year) and Italy (-13.5% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, shrinking by -5.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform