Eastern Asia: Frozen Pork Carcase Market Overview 2021

Frozen Pork Carcase Market Size in Eastern Asia

For the third consecutive year, the East Asian frozen pork carcase market recorded growth in sales value, which increased by X% to $X in 2020. The total consumption indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in the near future.

Frozen Pork Carcase Production in Eastern Asia

In value terms, frozen pork carcase production reached $X in 2020 estimated in export prices. The total production indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in the near future.

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. 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 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (+X% per year).

Production By Country in Eastern Asia

The country with the largest volume of frozen pork carcase production was China (X tonnes), 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. South Korea (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China stood at +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 2020, approx. X tonnes of frozen carcases of pig meat were exported in Eastern Asia; waning by -X% on 2019. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen pork carcase exports reduced sharply to $X in 2020. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

China (X tonnes) and Hong Kong SAR (X tonnes) represented roughly X% of total exports of frozen carcases of pig meat in 2020.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR.

In value terms, Hong Kong SAR ($X) and China ($X) constituted the countries with the highest levels of exports in 2020.

Among the main exporting countries, Hong Kong SAR recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2020, the frozen pork carcase export price in Eastern Asia amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price recorded strong growth. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. The level of export peaked in 2020 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while China stood at $X per tonne.

From 2007 to 2020, 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 2020, the amount of frozen carcases of pig meat imported in Eastern Asia declined markedly to X tonnes, shrinking by -X% on 2019. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, frozen pork carcase imports shrank notably to $X in 2020. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2017 to 2020, the growth imports remained at a lower figure.

Imports by Country

Hong Kong SAR represented the major importing country with an import of around X tonnes, which accounted for X% of total imports. It was distantly followed by China (X tonnes), generating a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported frozen carcases of pig meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

In Hong Kong SAR, frozen pork carcase imports shrank by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

The frozen pork carcase import price in Eastern Asia stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while China totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR.

Source: IndexBox Platform