Report Asia-Pacific - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Dec 1, 2023

Asia-Pacific - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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Asia-Pacific: Pork Market 2023

Pork Market Size in Asia-Pacific

The Asia-Pacific pork market shrank slightly to $X in 2022, approximately reflecting the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pork Production in Asia-Pacific

In value terms, pork production rose remarkably to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -7.4% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 80% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of pork production was China (X tons), comprising approx. 82% 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 2.4% share.

In China, pork production declined by an average annual rate of -1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+0.9% per year) and South Korea (+2.6% per year).

The average pork yield dropped slightly to X kg per head in 2022, almost unchanged from 2021. The yield figure increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. The level of yield peaked at X kg per head in 2021, and then declined slightly in the following year.

In 2022, number of animals slaughtered for pork production in Asia-Pacific contracted to X heads, declining by -9.1% against 2021 figures. Over the period under review, the number of producing animals recorded a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The level of producing animals peaked at X heads in 2014; however, from 2015 to 2022, producing animals failed to regain momentum.

Pork Exports

Exports in Asia-Pacific

In 2022, overseas shipments of pork increased by 2.4% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2014 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports reduced slightly to $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of pork, namely Australia, China and Hong Kong SAR, represented more than half of total export. Thailand (X tons) ranks next in terms of the total exports with an 11% share, followed by Vietnam (10%) and Singapore (9.9%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pork supplying countries in Asia-Pacific were China ($X), Australia ($X) and Thailand ($X), with a combined 65% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +30.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 19%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Thailand (+7.7%), while the other leaders experienced more modest paces of growth.

Pork Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of pork decreased by -26.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pork imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports reached 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 major importer of pork, mixing up 40% of total imports. Japan (X tons) ranks second in terms of the total imports with a 22% share, followed by South Korea (12%) and the Philippines (8.8%). Australia (X tons), Hong Kong SAR (X tons) and Vietnam (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pork importing markets in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), together accounting for 77% of total imports. The Philippines, Hong Kong SAR, Australia and Vietnam lagged somewhat behind, together comprising a further 17%.

Vietnam, with a CAGR of +26.3%, 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 2022, the import price in Asia-Pacific amounted to $X per ton, dropping by -7.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of 4.4%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Philippines (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in Asia-Pacific?
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China remains the largest pork consuming country in Asia-Pacific, accounting for 79% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, more than tenfold. The third position in this ranking was held by Japan, with a 3.7% share.
What are the largest producers of pork in Asia-Pacific?
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China remains the largest pork producing country in Asia-Pacific, accounting for 82% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, Vietnam, more than tenfold. The third position in this ranking was held by South Korea, with a 2.4% share.
What are the leading suppliers of pork in Asia-Pacific?
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In value terms, China, Australia and Thailand were the countries with the highest levels of exports in 2022, together comprising 65% of total exports.
What are the leading importers of pork in Asia-Pacific?
+
In value terms, Japan, China and South Korea appeared to be the countries with the highest levels of imports in 2022, together comprising 77% of total imports. The Philippines, Hong Kong SAR, Australia and Vietnam lagged somewhat behind, together accounting for a further 17%.
What is the average export price for pork in Asia-Pacific?
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In 2022, the export price in Asia-Pacific amounted to $3,526 per ton, falling by -4.6% against the previous year.
What is the average import price for pork in Asia-Pacific?
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In 2022, the import price in Asia-Pacific amounted to $2,968 per ton, declining by -7.1% against the previous year.

This report provides an in-depth analysis of the pork market in Asia-Pacific. 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 2030.


Product coverage:
• FCL 1035 - Pig meat

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2022
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2022
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    1. • Afghanistan
    2. • Australia
    3. • Bangladesh
    4. • Bhutan
    5. • Brunei Darussalam
    6. • Cambodia
    7. • China
    8. • Hong Kong SAR
    9. • Macao SAR
    10. • Cook Islands
    11. • Fiji
    12. • French Polynesia
    13. • India
    14. • Indonesia
    15. • Japan
    16. • Kiribati
    17. • Malaysia
    18. • Maldives
    19. • Marshall Islands
    20. • Micronesia
    21. • Myanmar
    22. • Nepal
    23. • New Caledonia
    24. • New Zealand
    25. • Northern Mariana Islands
    26. • Pakistan
    27. • Palau
    28. • Papua New Guinea
    29. • Philippines
    30. • Samoa
    31. • Singapore
    32. • Solomon Islands
    33. • South Korea
    34. • Sri Lanka
    35. • Taiwan (Chinese)
    36. • Thailand
    37. • Timor-Leste
    38. • Tokelau
    39. • Tonga
    40. • Tuvalu
    41. • Vanuatu
    42. • Vietnam
    43. • Wallis and Futuna Islands
    44. • Lao People's Democratic Republic
    45. • American Samoa
    46. • Democratic People's Republic of Korea
    47. • Nauru
    48. • Niue
    49. • Guam
  12. LIST OF TABLES
    1. Key Findings In 2022
    2. Market Volume, In Physical Terms, 2012–2022
    3. Market Value, 2012–2022
    4. Per Capita Consumption, By Country, 2018–2022
    5. Production, In Physical Terms, By Country, 2012–2022
    6. Producing Animals, By Country, 2012-2022
    7. Yield, By Country, 2012-2022
    8. Imports, In Physical Terms, By Country, 2012–2022
    9. Imports, In Value Terms, By Country, 2012–2022
    10. Import Prices, By Country Of Destination, 2012–2022
    11. Exports, In Physical Terms, By Country, 2012–2022
    12. Exports, In Value Terms, By Country, 2012–2022
    13. Export Prices, By Country Of Origin, 2012–2022
  13. LIST OF FIGURES
    1. Market Volume, In Physical Terms, 2012–2022
    2. Market Value, 2012–2022
    3. Consumption, By Country, 2022
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2022
    19. Production, In Value Terms, 2012–2022
    20. Producing Animals, 2012–2022
    21. Yield, 2012–2022
    22. Production, By Country, 2022
    23. Production, In Physical Terms, By Country, 2012–2022
    24. Producing Animals, By Country, 2022
    25. Producing Animals, By Country, 2012-2022
    26. Yield, By Country, 2012-2022
    27. Imports, In Physical Terms, 2012–2022
    28. Imports, In Value Terms, 2012–2022
    29. Imports, In Physical Terms, By Country, 2022
    30. Imports, In Physical Terms, By Country, 2012–2022
    31. Imports, In Value Terms, By Country, 2012–2022
    32. Import Prices, By Country, 2012–2022
    33. Exports, In Physical Terms, 2012–2022
    34. Exports, In Value Terms, 2012–2022
    35. Exports, In Physical Terms, By Country, 2022
    36. Exports, In Physical Terms, By Country, 2012–2022
    37. Exports, In Value Terms, By Country, 2012–2022
    38. Export Prices, 2012–2022

Free Data: Pork (Meat Of Swine) - Asia-Pacific