South-Eastern Asia: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in South-Eastern Asia

The Southeast Asian preserved swine belly market shrank slightly to $X in 2020, remaining stable against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2019, and then reduced modestly in the following year.

Preserved Swine Belly Production in South-Eastern Asia

In value terms, preserved swine belly production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Production By Country in South-Eastern Asia

Indonesia (X tons) constituted the country with the largest volume of preserved swine belly production, comprising approx. X% of total volume. Moreover, preserved swine belly production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. The Philippines (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Indonesia totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and the Philippines (+X% per year).

Preserved Swine Belly Exports

Exports in South-Eastern Asia

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) exported in South-Eastern Asia reached X tons, surging by X% on 2019 figures. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports expanded remarkably to $X in 2020. Over the period under review, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Thailand (X tons) was the main exporter of bellies and cuts of swine (salted, in brine, dried or smoked), mixing up X% of total exports. It was distantly followed by Malaysia (X kg), making up a X% share of total exports. Singapore (X kg) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to preserved swine belly exports from Thailand stood at -X%. Singapore (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.) and Singapore (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Thailand ($X) remains the largest preserved swine belly supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

In Thailand, preserved swine belly exports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Malaysia (-X% per year) and Singapore (-X% per year).

Export Prices by Country

The preserved swine belly export price in South-Eastern Asia stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price, however, showed a perceptible slump. The growth pace was the most rapid in 2013 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced mixed trends in the export price figures.

Preserved Swine Belly Imports

Imports in South-Eastern Asia

In 2020, supplies from abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports fell significantly to $X in 2020. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Lao People's Democratic Republic represented the major importing country with an import of around X tons, which reached X% of total imports. The Philippines (X tons) occupied the second position in the ranking, distantly followed by Myanmar (X tons). All these countries together occupied near X% share of total imports.

Lao People's Democratic Republic was also the fastest-growing in terms of the bellies and cuts of swine (salted, in brine, dried or smoked) imports, with a CAGR of +X% from 2007 to 2020. At the same time, Myanmar (+X%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. From 2007 to 2020, the share of Lao People's Democratic Republic, the Philippines and Myanmar increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved swine belly importing markets in South-Eastern Asia were the Philippines ($X), Myanmar ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total imports.

In terms of the main importing countries, Lao People's Democratic Republic recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the preserved swine belly import price in South-Eastern Asia amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2014 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Myanmar ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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