Asia: Sausage Market 2024

Sausage Market Size in Asia

The Asian sausage market declined modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sausage Production in Asia

In value terms, sausage production dropped to $X in 2022 estimated in export price. The total production indicated a mild 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sausage Exports

Exports in Asia

Sausage exports expanded to X tons in 2022, with an increase of X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, sausage exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of sausages and similar products of meat, namely China, Turkey and Thailand, represented more than two-thirds of total export. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. The following exporters - the Philippines (X tons) and Hong Kong SAR (X tons) - each amounted to a X% share of total exports.

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

In value terms, the largest sausage supplying countries in Asia were China ($X), Thailand ($X) and Turkey ($X), together comprising X% of total exports. The United Arab Emirates, Hong Kong SAR and the Philippines lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Turkey ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Sausage Imports

Imports in Asia

In 2022, approx. X tons of sausages and similar products of meat were imported in Asia; increasing by X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sausage imports amounted to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of sausage imports in 2022 were Kazakhstan (X tons), Japan (X tons), Saudi Arabia (X tons) and Hong Kong SAR (X tons), together finishing at X% of total import. Iraq (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). The United Arab Emirates (X tons), Singapore (X tons), Oman (X tons), Myanmar (X tons), Azerbaijan (X tons), Qatar (X tons) and Armenia (X tons) held a little share of total imports.

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

In value terms, Japan ($X), Kazakhstan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Saudi Arabia, South Korea, the United Arab Emirates, Singapore, Azerbaijan, Oman, Iraq, Qatar, Armenia and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, 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 amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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 ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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