ASEAN: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in ASEAN

In 2022, the ASEAN market for swine bellies (salted, in brine, dried or smoked) decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in ASEAN

In value terms, production of swine bellies (salted, in brine, dried or smoked) surged to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of swine bellies (salted, in brine, dried or smoked), when their volume decreased by X% to X kg. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) contracted notably to $X in 2022. In general, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporter of swine bellies (salted, in brine, dried or smoked) in ASEAN, with the volume of exports amounting to X kg, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X kg), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%).

In value terms, Singapore ($X) remains the largest salted, dried, or smoked swine bellies supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports in ASEAN

Imports of swine bellies (salted, in brine, dried or smoked) reduced dramatically to X tons in 2022, with a decrease of X% on 2021 figures. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) contracted dramatically to $X in 2022. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Myanmar was the key importing country with an import of about X tons, which accounted for X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%). Vietnam (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salted, dried, or smoked swine bellies importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports.

Singapore, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform