Indonesia: Bacon And Ham Market 2022

Bacon And Ham Market Size in Indonesia

In 2021, the Indonesian bacon and ham market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bacon And Ham Production in Indonesia

In value terms, bacon and ham production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Bacon And Ham Exports

Exports from Indonesia

Bacon and ham exports from Indonesia soared to X tons in 2021, growing by X% on 2020. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bacon and ham exports rose notably to $X in 2021. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X tons) and Turkey (X tons) were the main destinations of bacon and ham exports from Indonesia.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +X value terms, Hong Kong SAR ($X) remains the key foreign market for bacon and ham exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled +X%.

Export Prices by Country

In 2021, the average bacon and ham export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bacon and ham export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%).

Bacon And Ham Imports

Imports into Indonesia

In 2021, overseas purchases of bacon, ham and other dried, salted or smoked pig meat decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, bacon and ham imports fell rapidly to $X in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest bacon and ham supplier to Indonesia, with a X% share of total imports. Moreover, bacon and ham imports from Singapore exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and France (+X% per year).

In value terms, Singapore ($X), Italy ($X) and France ($X) were the largest bacon and ham suppliers to Indonesia, with a combined X% share of total imports.

France, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform