
Asia - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Frozen Pork Cut Market Overview 2021
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Frozen Pork Cut Market Size in Asia
The Asian frozen pork cut market was finally on the rise to reach $X in 2019, after four years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
Frozen Pork Cut Production in Asia
In value terms, frozen pork cut production expanded notably to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
The countries with the highest volumes of frozen pork cut production in 2019 were India (X tonnes), Japan (X tonnes) and Indonesia (X tonnes), together comprising X% of total production. These countries were followed by China, Pakistan, Bangladesh, Turkey, Iran, South Korea, Thailand, Saudi Arabia, Viet Nam and Iraq, which together accounted for a further X 2007 to 2019, the biggest increases were in South Korea, while frozen pork cut production for the other leaders experienced more modest paces of growth.
Production By Country in Asia
The countries with the highest volumes of frozen pork cut production in 2019 were India (X tonnes), Japan (X tonnes) and Indonesia (X tonnes), with a combined X% share of total production. These countries were followed by China, Pakistan, Bangladesh, Turkey, Iran, South Korea, Thailand, Saudi Arabia, Viet Nam and Iraq, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of frozen pork cut production, amongst the key producing countries, was attained by South Korea, while frozen pork cut production for the other leaders experienced more modest paces of growth.
Frozen Pork Cut Exports
Exports in Asia
Frozen pork cut exports soared to X tonnes in 2019, growing by X% on the previous year. In general, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2012 to 2019, the growth exports remained at a somewhat lower figure.
In value terms, frozen pork cut exports soared to $X in 2019. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a lower figure.
Exports by Country
Hong Kong SAR was the major exporter of frozen hams, shoulders and cuts of pig meat in Asia, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2019. Thailand (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Cyprus (X%). Japan (X tonnes) occupied a minor share of total exports.
Exports from Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Thailand (+X%), Japan (+X%) and Cyprus (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2019. While the share of Thailand (+X p.p.), Japan (+X p.p.) and Cyprus (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.
In value terms, Hong Kong SAR ($X), Thailand ($X) and Cyprus ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of total exports.
Among the main exporting countries, Thailand recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The frozen pork cut export price in Asia stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Cyprus ($X per tonne) and Japan ($X per tonne), while Hong Kong SAR ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.
Frozen Pork Cut Imports
Imports in Asia
In 2019, supplies from abroad of frozen hams, shoulders and cuts of pig meat was finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.
In value terms, frozen pork cut imports expanded significantly to $X in 2019. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports remained at a lower figure.
Imports by Country
China dominates frozen pork cut imports structure, finishing at X tonnes, which was near X% of total imports in 2019. The Philippines (X tonnes) and Hong Kong SAR (X tonnes) followed a long way behind the leaders.
China was also the fastest-growing in terms of the frozen hams, shoulders and cuts of pig meat imports, with a CAGR of +X% from 2007 to 2019. At the same time, the Philippines (+X%) displayed positive paces of growth. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of China and the Philippines increased by +X% and +X% percentage points, while Hong Kong SAR (-X p.p.) saw their share reduced.
In value terms, China ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Asia, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and Hong Kong SAR (-X% per year).
Import Prices by Country
In 2019, the frozen pork cut import price in Asia amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.
Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was China ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced a decline in the import price figures.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for frozen hams, shoulders and cuts of pig meat in Asia?+
The country with the largest volume of frozen pork cut consumption was China (491K tonnes), comprising approx. 33% of total volume. Moreover, frozen pork cut consumption in China exceeded the figures recorded by the second-largest consumer, India (197K tonnes), twofold. The third position in this ranking was occupied by Japan (109K tonnes), with a 7.3% share.
What are the largest producers of frozen hams, shoulders and cuts of pig meat in Asia?+
The countries with the highest volumes of frozen pork cut production in 2019 were India (196K tonnes), Japan (103K tonnes) and Indonesia (84K tonnes), with a combined 38% share of total production. China, Pakistan, Bangladesh, Turkey, Iran, South Korea, Thailand, Saudi Arabia, Viet Nam and Iraq lagged somewhat behind, together comprising a further 42%.
What are the leading suppliers of frozen hams, shoulders and cuts of pig meat in Asia?+
In value terms, the largest frozen pork cut supplying countries in Asia were Hong Kong SAR ($6.5M), Thailand ($3.4M) and Cyprus ($711K), with a combined 91% share of total exports.
What are the leading importers of frozen hams, shoulders and cuts of pig meat in Asia?+
In value terms, China ($744M) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Asia, comprising 88% of total imports. The second position in the ranking was occupied by the Philippines ($28M), with a 3.4% share of total imports.
What is the average export price for frozen hams, shoulders and cuts of pig meat in Asia?+
In 2019, the frozen pork cut export price in Asia amounted to $1,691 per tonne, with an increase of 11% against the previous year.
What is the average import price for frozen hams, shoulders and cuts of pig meat in Asia?+
In 2019, the frozen pork cut import price in Asia amounted to $1,739 per tonne, growing by 2% against the previous year.
This report provides an in-depth analysis of the frozen pork cut market in Asia. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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