Asia-Pacific: Pork Market 2024

Pork Market Size in Asia-Pacific

The Asia-Pacific pork market contracted slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pork Production in Asia-Pacific

In value terms, pork production expanded markedly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of pork production, accounting for X% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, Vietnam (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total production with a X% share.

In China, pork production contracted by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (X% per year) and South Korea (X% per year).

In 2022, the average yield of pork in Asia-Pacific declined slightly to X kg per head, approximately equating 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when the yield increased by X%. Over the period under review, the pork yield reached the peak level at X kg per head in 2021, and then fell slightly in the following year.

In 2022, the number of animals slaughtered for pork production in Asia-Pacific reduced to X heads, declining by X% against the year before. In general, the number of producing animals saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Pork Exports

Exports in Asia-Pacific

In 2022, the amount of pork exported in Asia-Pacific dropped to X tons, falling by X% compared with the year before. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, pork exports reduced to $X in 2022. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), China (X tons), Hong Kong SAR (X tons) and Vietnam (X tons), together accounting for X% of total export. It was distantly followed by Singapore (X tons), making up an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Australia ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Vietnam and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Singapore, with a CAGR of X%, 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 a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining 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 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 China ($X per ton), while Hong Kong SAR ($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.

Pork Imports

Imports in Asia-Pacific

In 2022, overseas purchases of pork decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pork imports reduced sharply to $X in 2022. Overall, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the largest importer of pork, committing X% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and the Philippines (X tons), together committing a X% share of total imports. Australia (X tons), Hong Kong SAR (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) held a minor share of total imports.

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

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines, Hong Kong SAR, Australia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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