Eastern Asia: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Eastern Asia

The East Asian preserved swine meat market totaled $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Preserved Swine Meat Production in Eastern Asia

In value terms, preserved swine meat production stood at $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; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Preserved Swine Meat Exports

Exports in Eastern Asia

In 2022, preserved swine meat exports in Eastern Asia dropped to X tons, waning by X% compared with 2021 figures. Overall, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, preserved swine meat exports reduced to $X in 2022. Over the period under review, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea represented the key exporter of prepared or preserved hams and cuts of swine meat in Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. China (X tons) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%) and Taiwan (Chinese) (X%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest preserved swine meat supplying countries in Eastern Asia were South Korea ($X), China ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of X%, recorded the highest growth rate of 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 Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while Taiwan (Chinese) ($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 a decline in the export price figures.

Preserved Swine Meat Imports

Imports in Eastern Asia

In 2022, approx. X tons of prepared or preserved hams and cuts of swine meat were imported in Eastern Asia; with a decrease of X% compared with the previous year's figure. Overall, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, preserved swine meat imports contracted to $X in 2022. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) was the main importer of prepared or preserved hams and cuts of swine meat, creating X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prepared or preserved hams and cuts of swine meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Japan ($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 a decline in the import price figures.

Source: IndexBox Platform

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