Southern Asia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Southern Asia

In 2020, after three years of decline, there was significant growth in the South Asian preserved belly cut market, when its value increased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Preserved Belly Cut Production in Southern Asia

In value terms, preserved belly cut production expanded significantly to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Production By Country in Southern Asia

India (X tons) remains the largest preserved belly cut producing country in Southern Asia, accounting for X% of total volume. Moreover, preserved belly cut production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), threefold. The third position in this ranking was occupied by Bangladesh (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in India totaled +X%. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (+X% per year).

Preserved Belly Cut Exports

Exports in Southern 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 seventh year in a row after two years of decline. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, preserved belly cut exports rose remarkably to $X in 2020. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The level of export peaked in 2020 and is likely to see gradual growth in years to come.

Exports by Country

In 2020, Sri Lanka (X tons) was the largest exporter of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Southern Asia, constituting X% of total export.

Sri Lanka was also the fastest-growing in terms of the hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exports, with a CAGR of +X% from 2007 to 2020. From 2007 to 2020, the share of Sri Lanka increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest preserved belly cut supplier in Southern Asia.

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

Export Prices by Country

The preserved belly cut export price in Southern Asia stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2007 to 2020, the rate of growth in terms of prices for Sri Lanka amounted to -X% per year.

Preserved Belly Cut Imports

Imports in Southern Asia

In 2020, approx. X tons of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were imported in Southern Asia; rising by X% on 2019 figures. Over the period under review, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports skyrocketed to $X in 2020. In general, imports recorded measured growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Afghanistan (X tons) and Pakistan (X tons) dominates preserved belly cut imports structure, together mixing up X% of total imports. Maldives (X tons) ranks next in terms of the total imports with a X% share, followed by India (X%).

From 2007 to 2020, the biggest increases were in Pakistan (+X% per year), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest preserved belly cut importing markets in Southern Asia were Afghanistan ($X), Pakistan ($X) and India ($X), with a combined X% share of total imports.

Pakistan (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 belly cut import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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