South-Eastern Asia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in South-Eastern Asia

The Southeast Asian preserved belly cut market amounted to $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is likely to see gradual growth in the near future.

Preserved Belly Cut Production in South-Eastern Asia

In value terms, preserved belly cut production rose to $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 most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is likely to see steady growth in the immediate term.

Production By Country in South-Eastern Asia

The country with the largest volume of preserved belly cut production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, preserved belly cut production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. The third position in this ranking was occupied by the Philippines (X tons), with a X% share.

In Indonesia, preserved belly cut production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and the Philippines (+X% per year).

Preserved Belly Cut Exports

Exports in South-Eastern Asia

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, preserved belly cut exports soared to $X in 2020. In general, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. The level of export peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Singapore (X tons) represented the largest exporter of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), achieving X% of total exports. Malaysia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Thailand (X%). The Philippines (X kg) took a minor share of total exports.

Exports from Singapore decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Thailand (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, the Philippines (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the Philippines (-X p.p.) and Singapore (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual growth rate of value in Singapore amounted to +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The preserved belly cut export price in South-Eastern Asia stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, 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 Belly Cut Imports

Imports in South-Eastern Asia

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported in South-Eastern Asia dropped remarkably to X tons, shrinking by -X% against 2019 figures. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports reduced remarkably to $X in 2020. In general, imports showed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

The Philippines was the largest importer of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in South-Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2020. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Singapore (X%), Indonesia (X%) and Vietnam (X%). Timor-Leste (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved belly cut importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. Singapore, Indonesia, Vietnam and Timor-Leste lagged somewhat behind, together comprising a further X the main importing countries, Vietnam saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The preserved belly cut import price in South-Eastern Asia stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price recorded a buoyant increase. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($X per ton), while Timor-Leste ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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