
Eastern Asia - Frozen Carcases Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Frozen Pork Carcase Market Overview 2021
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Frozen Pork Carcase Market Size in Eastern Asia
The East Asian frozen pork carcase market reached $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. The level of consumption peaked in 2019 and is likely to see gradual growth in years to come.
Frozen Pork Carcase Production in Eastern Asia
In value terms, frozen pork carcase production soared to $X in 2019 estimated in export prices. The total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. The level of production peaked in 2019 and is expected to retain growth in years to come.
China (X tonnes) remains the largest frozen pork carcase producing country in Eastern Asia, accounting for X% of total volume. Moreover, frozen pork carcase production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), eightfold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.
In China, frozen pork carcase production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).
Production By Country in Eastern Asia
China (X tonnes) remains the largest frozen pork carcase producing country in Eastern Asia, comprising approx. X% of total volume. Moreover, frozen pork carcase production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), eightfold. South Korea (X tonnes) ranked third in terms of total production with a X% share.
From 2007 to 2019, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).
Frozen Pork Carcase Exports
Exports in Eastern Asia
In 2019, shipments abroad of frozen carcases of pig meat increased by X% to X tonnes, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.
In value terms, frozen pork carcase exports reduced to $X in 2019. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.
Exports by Country
In 2019, China (X tonnes) was the key exporter of frozen carcases of pig meat, making up X% of total exports. It was distantly followed by Hong Kong SAR (X tonnes), achieving a X% share of total exports.
Exports from China decreased at an average annual rate of -X% from 2007 to 2019. Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of China (-X p.p.) displayed negative dynamics.
In value terms, China ($X) remains the largest frozen pork carcase supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.
From 2007 to 2019, the average annual growth rate of value in China stood at -X%.
Export Prices by Country
The frozen pork carcase export price in Eastern Asia stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.
Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while China amounted to $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR.
Frozen Pork Carcase Imports
Imports in Eastern Asia
In 2019, overseas purchases of frozen carcases of pig meat were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports remained at a lower figure.
In value terms, frozen pork carcase imports soared to $X in 2019. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.
Imports by Country
Hong Kong SAR prevails in frozen pork carcase imports structure, accounting for X tonnes, which was near X% of total imports in 2019. Macao SAR (X tonnes) ranks second in terms of the total imports with a X% share, followed by China (X%). South Korea (X tonnes) followed a long way behind the leaders.
Imports into Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2019. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2019. Macao SAR experienced a relatively flat trend pattern. By contrast, China (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Macao SAR and South Korea increased by +X% and +X% percentage points, while China (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced.
In value terms, Hong Kong SAR ($X) constitutes the largest market for imported frozen carcases of pig meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value in Hong Kong SAR totaled -X%. In the other countries, the average annual rates were as follows: Macao SAR (+X% per year) and South Korea (+X% per year).
Import Prices by Country
In 2019, the frozen pork carcase import price in Eastern Asia amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price showed prominent growth. The pace of growth was the most pronounced in 2012 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Macao SAR ($X per tonne), while China ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Macao SAR, while the other leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for frozen carcases of pig meat in Eastern Asia?+
China (520K tonnes) remains the largest frozen pork carcase consuming country in Eastern Asia, accounting for 81% of total volume. Moreover, frozen pork carcase consumption in China exceeded the figures recorded by the second-largest consumer, Japan (67K tonnes), eightfold. South Korea (28K tonnes) ranked third in terms of total consumption with a 4.4% share.
What are the largest producers of frozen carcases of pig meat in Eastern Asia?+
China (522K tonnes) remains the largest frozen pork carcase producing country in Eastern Asia, comprising approx. 82% of total volume. Moreover, frozen pork carcase production in China exceeded the figures recorded by the second-largest producer, Japan (67K tonnes), eightfold. South Korea (28K tonnes) ranked third in terms of total production with a 4.4% share.
What are the leading exporters of frozen carcases of pig meat in Eastern Asia?+
In value terms, China ($11M) remains the largest frozen pork carcase supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($5.5M), with a 32% share of total exports.
What are the leading importers of frozen carcases of pig meat in Eastern Asia?+
In value terms, Hong Kong SAR ($56M) constitutes the largest market for imported frozen carcases of pig meat in Eastern Asia, comprising 86% of total imports. The second position in the ranking was occupied by Macao SAR ($5.3M), with a 8.3% share of total imports. It was followed by South Korea, with a 3.4% share.
What is the average export price for frozen carcases of pig meat in Eastern Asia?+
In 2019, the frozen pork carcase export price in Eastern Asia amounted to $4,375 per tonne, reducing by -28.5% against the previous year.
What is the average import price for frozen carcases of pig meat in Eastern Asia?+
In 2019, the frozen pork carcase import price in Eastern Asia amounted to $4,376 per tonne, picking up by 9.3% against the previous year.
This report provides an in-depth analysis of the frozen pork carcase market in Eastern 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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