Indonesia: 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 Indonesia

In 2022, the Indonesian market for pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption saw a noticeable decline. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

Exports from Indonesia

Exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) from Indonesia shrank significantly to X kg in 2022, waning by X% compared with the previous year's figure. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 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 significantly to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Brunei Darussalam (X kg) and Timor-Leste (X kg) were the main destinations of exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) from Indonesia.

From 2012 to 2022, the biggest increases were recorded for Timor-Leste (with a CAGR of X%).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for pig meat other than hams or bellies (salted, in brine, dried or smoked) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Timor-Leste ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam was relatively modest.

Export Prices by Country

In 2022, the average export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Timor-Leste totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (X%).

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

Imports into Indonesia

In 2022, purchases abroad of pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 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) plummeted to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest salted, dried, or smoked pig meat other than hams or bellies supplier to Indonesia, accounting for a X% share of total imports. Moreover, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) from Italy exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. Singapore (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Singapore (X% per year).

In value terms, Italy ($X) constituted the largest supplier of pig meat other than hams or bellies (salted, in brine, dried or smoked) to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price 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, import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform