
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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View PricingRepublic 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) :
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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