Republic of Korea - Prepared Or Preserved Hams And Cuts Of Swine Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Swine Meat Price in South Korea - 2022
Contents:
- Preserved Swine Meat Price in South Korea (CIF) - 2022
- Preserved Swine Meat Price in South Korea (FOB) - 2022
- Preserved Swine Meat Imports in South Korea
- Preserved Swine Meat Exports in South Korea
Preserved Swine Meat Price in South Korea (CIF) - 2022
The average preserved swine meat import price stood at $8,421 per ton in December 2022, rising by 53% against the previous month. Overall, import price indicated a strong increase from December 2021 to December 2022: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, preserved swine meat import price increased by +78.5% against September 2022 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 61% month-to-month. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Australia ($24,810 per ton), while the price for the United States ($6,088 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Swine Meat Price in South Korea (FOB) - 2022
In December 2022, the average preserved swine meat export price amounted to $3,555 per ton, waning by -12.5% against the previous month. Over the period under review, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 73% m-o-m. The export price peaked at $6,824 per ton in January 2022; however, from February 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($7,104 per ton), while the average price for exports to the Philippines ($2,954 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.1%), while the prices for the other major destinations experienced a decline.
Preserved Swine Meat Imports in South Korea
In 2022, approx. 1.3K tons of prepared or preserved hams and cuts of swine meat were imported into South Korea; rising by 20% against the previous year. In general, imports, however, recorded a perceptible slump.
In value terms, preserved swine meat imports rose notably to $5.7M in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction.
| Import of Preserved Swine Meat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 6.3 | 4.4 | 5.2 | -4.1% |
| Italy | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 6.3 | 6.5 | 5.0 | 5.7 | -3.3% |
Top Suppliers of Preserved Swine Meat to South Korea in 2022:
- United States (1286.8 tons)
- Italy (24.7 tons)
Preserved Swine Meat Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of prepared or preserved hams and cuts of swine meat, when their volume decreased by -15.8% to 441 tons. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43%. As a result, the exports reached the peak of 524 tons, and then fell sharply in the following year.
In value terms, preserved swine meat exports dropped notably to $1.8M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $2.1M, and then reduced notably in the following year.
| Export of Preserved Swine Meat in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.5 | 91.6 | 798 | 682 | 668.9% |
| Vietnam | 12.4 | 313 | 402 | 343 | 202.4% |
| Philippines | 936 | 456 | 362 | 331 | -29.3% |
| Hong Kong SAR | 178 | 377 | 247 | 211 | 5.8% |
| China | 60.5 | 87.0 | 139 | 119 | 25.3% |
| Others | 64.0 | 102 | 142 | 72.2 | 4.1% |
| Total | 1,253 | 1,426 | 2,089 | 1,758 | 11.9% |
Top Export Markets for Preserved Swine Meat from South Korea in 2022:
- Malaysia (227.8 tons)
- Philippines (100.2 tons)
- Hong Kong SAR (63.2 tons)
- Vietnam (16.8 tons)
- China (14.3 tons)
This report provides an in-depth analysis of the preserved swine meat market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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