South-Eastern Asia: Preserved Pork Market 2021

Preserved Pork Market Size in South-Eastern Asia

The Southeast Asian preserved pork market amounted to $X in 2020, remaining relatively unchanged 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 most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Preserved Pork Production in South-Eastern Asia

In value terms, preserved pork 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 in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the near future.

Production By Country in South-Eastern Asia

Indonesia (X tons) remains the largest preserved pork producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, preserved pork production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), twofold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

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

Preserved Pork Exports

Exports in South-Eastern Asia

In 2020, overseas shipments of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, preserved pork exports skyrocketed to $X in 2020. Over the period under review, exports posted mild growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. The level of export peaked in 2020 and is likely to see gradual growth in the immediate term.

Exports by Country

Thailand was the major exporting country with an export of around X tons, which finished at X% of total exports. Cambodia (X tons) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%), Myanmar (X%) and Singapore (X%).

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2020. At the same time, Myanmar (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Singapore (-X%) and the Philippines (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.), Cambodia (+X p.p.) and Myanmar (+X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and the Philippines saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

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

In Thailand, preserved pork exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+X% per year) and Myanmar (+X% per year).

Export Prices by Country

In 2020, the preserved pork export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 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 ($X per ton), while Cambodia ($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 more modest paces of growth.

Preserved Pork Imports

Imports in South-Eastern Asia

In 2020, the amount of pig meat salted (salted, in brine, dried or smoked) imported in South-Eastern Asia contracted notably to X tons, falling by -X% against the previous year's figure. Total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, preserved pork imports reduced to $X in 2020. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The level of import peaked at $X in 2019, and then dropped in the following year.

Imports by Country

Singapore dominates preserved pork imports structure, reaching X tons, which was approx. X% of total imports in 2020. Thailand (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by the Philippines (X%) and Vietnam (X%).

Imports into Singapore increased at an average annual rate of +X% from 2007 to 2020. At the same time, Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported 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 Singapore (+X p.p.), Vietnam (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the Philippines (-X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported pig meat salted (salted, in brine, dried or smoked) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Singapore, preserved pork imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The preserved pork import price in South-Eastern Asia stood at $X per ton in 2020, picking up by X% against the previous year. Import price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price increased by +X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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