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Report Republic of Korea - Hams, Shoulders and Cuts of Swine (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Republic of Korea - Hams, Shoulders and Cuts of Swine (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Republic of Korea

The South Korean preserved belly cut market soared to $X in 2020, picking up by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Preserved Belly Cut Production in Republic of Korea

In value terms, preserved belly cut production surged to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Preserved Belly Cut Exports

Exports from Republic of Korea

Preserved belly cut exports from South Korea dropped remarkably to X kg in 2020, shrinking by -X% compared with 2019. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. As a result, exports attained the peak of X kg, and then fell significantly in the following year.

In value terms, preserved belly cut exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Bolivia (X kg) was the main destination for preserved belly cut exports from South Korea, with a X% share of total exports. Moreover, preserved belly cut exports to Bolivia exceeded the volume sent to the second major destination, Palau (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bolivia was relatively modest.

In value terms, Bolivia ($X) emerged as the key foreign market for preserved belly cut exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Palau ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Bolivia was relatively modest.

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the export price, however, recorded a noticeable decrease. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Palau ($X per ton), while the average price for exports to Bolivia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Palau.

Preserved Belly Cut Imports

Imports into Republic of Korea

In 2020, purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then declined notably in the following year.

In value terms, preserved belly cut imports reduced sharply to $X in 2020. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019, and then reduced notably in the following year.

Imports by Country

In 2020, Spain (X tons) was the main preserved belly cut supplier to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain totaled +X%.

In value terms, Spain ($X) constituted the largest supplier of preserved belly cut to South Korea.

From 2007 to 2020, the average annual growth rate of value from Spain stood at +X%.

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of preserved belly cut consumption, comprising approx. 15% of total volume. Moreover, preserved belly cut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 6.2% share.
China constituted the country with the largest volume of preserved belly cut production, comprising approx. 15% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 6.2% share.
In value terms, Spain constituted the largest supplier of preserved belly cut to South Korea.
In value terms, Bolivia $609) emerged as the key foreign market for preserved belly cut exports from South Korea, comprising 91% of total exports. The second position in the ranking was occupied by Palau $58), with a 8.7% share of total exports.
The average preserved belly cut export price stood at $5,294 per ton in 2020, with an increase of 66% against the previous year.
The average preserved belly cut import price stood at $33,181 per ton in 2020, growing by 347% against the previous year.

This report provides an in-depth analysis of the preserved belly 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 2025.

Product coverage:

  • Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked

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. TOP EXPORTING COUNTRIES
    4. 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 VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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Free Data: Hams, Shoulders And Cuts Of Swine (Salted, In Brine, Dried Or Smoked) - South Korea
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