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

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

The Asian market for swine bellies (salted, in brine, dried or smoked) reduced to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a pronounced expansion 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 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of swine bellies (salted, in brine, dried or smoked) expanded sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked in 2022 and is likely to continue growth in years to come.

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

Exports in Asia

In 2022, the amount of swine bellies (salted, in brine, dried or smoked) exported in Asia contracted markedly to X tons, declining by X% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) fell rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR was the major exporting country with an export of around X tons, which resulted at X% of total exports. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%), the United Arab Emirates (X%) and Japan (X%).

From 2012 to 2022, average annual rates of growth with regard to salted, dried, or smoked swine bellies exports from Hong Kong SAR stood at X%. At the same time, Japan (X%), Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.), Japan (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest salted, dried, or smoked swine bellies supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

In Hong Kong SAR, exports of swine bellies (salted, in brine, dried or smoked) remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, almost unchanged from the previous year. Export price indicated a remarkable 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, export price for swine bellies (salted, in brine, dried or smoked) increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, approx. X tons of swine bellies (salted, in brine, dried or smoked) were imported in Asia; with a decrease of X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) shrank dramatically to $X in 2022. Total imports indicated perceptible growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, South Korea (X tons) was the major importer of swine bellies (salted, in brine, dried or smoked), committing X% of total imports. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Japan (X tons). All these countries together held near X% share of total imports. Macao SAR (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to salted, dried, or smoked swine bellies imports into South Korea stood at X%. At the same time, Taiwan (Chinese) (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), Macao SAR (X%) and Japan (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Macao SAR, Japan and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salted, dried, or smoked swine bellies importing markets in Asia were South Korea ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Japan, Macao SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of 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 Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform