Eastern Asia: Market for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in Eastern Asia

After three years of growth, the East Asian market for pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in Eastern Asia

In value terms, production of pig meat other than hams or bellies (salted, in brine, dried or smoked) totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of pig meat other than hams or bellies (salted, in brine, dried or smoked), when their volume decreased by X% to X tons. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) shrank dramatically to $X in 2022. In general, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates smoked) structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to salted, dried, or smoked pig meat other than hams or bellies exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest salted, dried, or smoked pig meat other than hams or bellies supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Imports in Eastern Asia

In 2022, approx. X tons of pig meat other than hams or bellies (salted, in brine, dried or smoked) were imported in Eastern Asia; waning by X% on the year before. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) contracted to $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) was the largest importer of pig meat other than hams or bellies (salted, in brine, dried or smoked), creating X% of total imports. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and South Korea (X%).

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and China (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 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), Japan (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest salted, dried, or smoked pig meat other than hams or bellies importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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 South Korea ($X per ton), while Hong Kong SAR ($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 mixed trends in the import price figures.

Source: IndexBox Platform