South-Eastern Asia: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2025

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in South-Eastern Asia

The Southeast Asian preserved swine meat cut market declined to $X in 2021, which is down by -6.8% against the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in South-Eastern Asia

In value terms, preserved swine meat cut production contracted to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 13%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in South-Eastern Asia

In 2021, the amount of prepared or preserved shoulders and cuts of swine meat exported in South-Eastern Asia plummeted to X tons, waning by -38.5% compared with the year before. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2014 with an increase of 172%. Over the period under review, the exports attained the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, preserved swine meat cut exports shrank significantly to $X in 2021. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of 258%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the two major exporters of prepared or preserved shoulders and cuts of swine meat, namely the Philippines and Thailand, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +71.8%).

In value terms, the Philippines ($X) emerged as the largest preserved swine meat cut supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by Thailand ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Philippines stood at +56.1%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -8.5% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 186% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-9.2%).

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports in South-Eastern Asia

In 2021, approx. X tons of prepared or preserved shoulders and cuts of swine meat were imported in South-Eastern Asia; surging by 13% compared with 2020 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 262% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved swine meat cut imports surged to $X in 2021. Over the period under review, imports recorded a notable expansion. The growth pace was the most rapid in 2014 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X tons) represented the key importer of prepared or preserved shoulders and cuts of swine meat, committing 35% of total imports. Thailand (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (14%), Vietnam (13%), Malaysia (8.9%), Indonesia (6.7%) and Timor-Leste (5%).

From 2012 to 2021, average annual rates of growth with regard to preserved swine meat cut imports into the Philippines stood at +11.1%. At the same time, Thailand (+37.6%), Timor-Leste (+26.3%), Vietnam (+6.7%) and Singapore (+2.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +37.6% from 2012-2021. By contrast, Malaysia (-9.3%) and Indonesia (-16.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines, Thailand, Vietnam, Timor-Leste and Singapore increased by +21, +13, +5.1, +4.3 and +2 percentage points, respectively.

In value terms, the largest preserved swine meat cut importing markets in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Thailand ($X), together accounting for 53% of total imports. These countries were followed by Malaysia, the Philippines, Timor-Leste and Indonesia, which together accounted for a further 42%.

In terms of the main importing countries, Timor-Leste, with a CAGR of +37.3%, recorded the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 7.1% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat cut import price increased by +245.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 222%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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