Asia: Bacon And Ham Market 2022

Bacon And Ham Market Size in Asia

The Asian bacon and ham market contracted to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bacon And Ham Production in Asia

In value terms, bacon and ham production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Production By Country in Asia

The country with the largest volume of bacon and ham production was Japan (X tons), comprising approx. X% of total volume. Moreover, bacon and ham production in Japan exceeded the figures recorded by the second-largest producer, South Korea (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Japan was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: South Korea (-X% per year) and Vietnam (-X% per year).

Bacon And Ham Exports

Exports in Asia

For the third consecutive year, Asia recorded decline in shipments abroad of bacon, ham and other dried, salted or smoked pig meat, which decreased by -X% to X tons in 2021. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, bacon and ham exports fell to $X in 2021. In general, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons), distantly followed by Hong Kong SAR (X tons), Thailand (X tons), Turkey (X tons) and Myanmar (X tons) were the key exporters of bacon, ham and other dried, salted or smoked pig meat, together achieving X% of total exports. The following exporters - Cambodia (X tons) and Singapore (X tons) - each amounted to a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the largest bacon and ham supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bacon and ham export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Bacon And Ham Imports

Imports in Asia

In 2021, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were imported in Asia; almost unchanged from the year before. Overall, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, bacon and ham imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of bacon, ham and other dried, salted or smoked pig meat, namely Hong Kong SAR, South Korea, Japan and Singapore, represented more than two-thirds of total import. It was distantly followed by China (X tons), generating an X% share of total imports. The United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among 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 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bacon and ham import price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform