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Report Republic of Korea - Fresh or Chilled Hams, Shoulders and Cuts of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2025

Republic of Korea - Fresh or Chilled Hams, Shoulders and Cuts of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Fresh Pork Cut Market 2025

Fresh Pork Cut Exports

Exports from Republic of Korea

In 2022, exports of fresh or chilled hams, shoulders and cuts of pig meat from South Korea skyrocketed to X tons, with an increase of 313% against the previous year's figure. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 995%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh pork cut exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2020 when exports increased by 508%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fresh pork cut exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -6.5%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for fresh or chilled hams, shoulders and cuts of pig meat exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled -9.3%.

Export Prices by Country

The average fresh pork cut export price stood at $X per ton in 2022, waning by -13.1% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average 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 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -2.9% per year.

Fresh Pork Cut Imports

Imports into Republic of Korea

In 2022, after two years of decline, there was significant growth in supplies from abroad of fresh or chilled hams, shoulders and cuts of pig meat, when their volume increased by 120% to X tons. In general, imports recorded a mild expansion. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fresh pork cut imports skyrocketed to $X in 2022. Overall, imports showed a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of 76% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of fresh pork cut to South Korea, accounting for a 73% share of total imports. Moreover, fresh pork cut imports from Denmark exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.1% per year) and the Netherlands (+66.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of fresh or chilled hams, shoulders and cuts of pig meat to South Korea, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.0% per year) and the Netherlands (+70.0% per year).

Import Prices by Country

The average fresh pork cut import price stood at $X per ton in 2022, which is down by -25.3% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork cut import price increased by +11.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

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 the United States ($X per ton), while the price for Denmark ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of fresh pork cut consumption was Italy, accounting for 38% of total volume. Moreover, fresh pork cut consumption in Italy exceeded the figures recorded by the second-largest consumer, Germany, twofold. Mexico ranked third in terms of total consumption with a 10% share.
The countries with the highest volumes of in 2021 were Italy, Germany and Spain, with a combined 61% share of global production.
In value terms, Denmark constituted the largest supplier of fresh pork cut to South Korea, comprising 87% of total imports. The second position in the ranking was occupied by the United States, with a 3.5% share of total imports. It was followed by Canada, with a 3.2% share.
In value terms, Hong Kong SAR remains the key foreign market for fresh pork cut exports from South Korea.
The average fresh pork cut export price stood at $4,662 per ton in 2021, approximately mirroring the previous year.
In 2021, the average fresh pork cut import price amounted to $2,113 per ton, increasing by 12% against the previous year.

This report provides an in-depth analysis of the fresh pork cut market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10111250 - Fresh or chilled hams, shoulders and cuts thereof with bone in, of pig meat (including fresh meat packed with salt as a temporary preservative)

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Producing Animals Slaughtered, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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