ASEAN: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in ASEAN

The ASEAN preserved swine meat cut market rose notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in ASEAN

In value terms, preserved swine meat cut production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in ASEAN

In 2022, overseas shipments of prepared or preserved shoulders and cuts of swine meat decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat cut exports reduced markedly to $X in 2022. Overall, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) was the largest exporter of prepared or preserved shoulders and cuts of swine meat, creating X% of total exports. The Philippines (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. X% share of total exports. Malaysia (X kg) took a minor share of total exports.

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

In value terms, Singapore ($X) emerged as the largest preserved swine meat cut supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by the Philippines, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports in ASEAN

In 2022, approx. X tons of prepared or preserved shoulders and cuts of swine meat were imported in ASEAN; shrinking by X% compared with the previous year. In general, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved swine meat cut imports expanded significantly to $X in 2022. Over the period under review, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the largest importer of prepared or preserved shoulders and cuts of swine meat in ASEAN, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%). Lao People's Democratic Republic (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved swine meat cut importing markets in ASEAN were Malaysia ($X), Singapore ($X) and the Philippines ($X), together accounting for X% of total imports. Lao People's Democratic Republic and Vietnam lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded 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

The import price in ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price 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, preserved swine meat cut import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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