Asia-Pacific: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in Asia-Pacific

In 2022, after two years of decline, there was significant growth in the Asia-Pacific fresh pork cut market, when its value increased by X% to $X. In general, consumption recorded strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Cut Production in Asia-Pacific

In value terms, fresh pork cut production expanded significantly to $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

China (X tons) remains the largest fresh pork cut producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, fresh pork cut production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In China, fresh pork cut production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

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Fresh Pork Cut Exports

Exports in Asia-Pacific

In 2022, shipments abroad of fresh or chilled hams, shoulders and cuts of pig meat increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, fresh pork cut exports skyrocketed to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X tons), generating a X% share of total exports.

China was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest fresh pork cut supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In China, fresh pork cut exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while China amounted to $X per ton.

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

Fresh Pork Cut Imports

Imports in Asia-Pacific

In 2022, the amount of fresh or chilled hams, shoulders and cuts of pig meat imported in Asia-Pacific shrank markedly to X tons, dropping by X% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh pork cut imports contracted remarkably 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), Vietnam (X tons), Brunei Darussalam (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022. Samoa (X tons) ranks next in terms of the total imports with a X% share, followed by China (X%).

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

In value terms, the largest fresh pork cut importing markets in Asia-Pacific were Japan ($X), Hong Kong SAR ($X) and Brunei Darussalam ($X), together comprising X% of total imports. Vietnam, China and Samoa lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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