Singapore: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Singapore

The Singaporean preserved belly cut market was estimated at $X in 2020, remaining stable against the previous year. Over the period under review, consumption recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Preserved belly cut consumption peaked in 2020 and is likely to see gradual growth in years to come.

Preserved Belly Cut Production in Singapore

In value terms, preserved belly cut production amounted to $X in 2020 estimated in export prices. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Preserved belly cut production peaked in 2020 and is likely to see steady growth in years to come.

Preserved Belly Cut Exports

Exports from Singapore

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible curtailment. Over the period under review, exports reached the maximum at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports skyrocketed to $X in 2020. Overall, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for preserved belly cut exports from Singapore, with a X% share of total exports. Moreover, preserved belly cut exports to Indonesia exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia stood at +X%.

In value terms, Indonesia ($X) remains the key foreign market for preserved belly cut exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Indonesia totaled +X%.

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

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

Preserved Belly Cut Imports

Imports into Singapore

In 2020, approx. X tons of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were imported into Singapore; shrinking by -X% against the previous year. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports fell dramatically to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Australia (X tons) were the main suppliers of preserved belly cut imports to Singapore, together accounting for X% of total imports. These countries were followed by the Netherlands, the U.S. and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in the UK (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of preserved belly cut to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Australia (-X% per year).

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, picking up by X% against the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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