Japan: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Japan

In 2022, the Japanese market for frozen pig meat other than cuts or carcases was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a pronounced reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Japan

In value terms, production of frozen pig meat other than cuts or carcases soared to $X in 2022 estimated in export price. Overall, production, however, showed a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 517%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Japan

In 2022, after ten years of growth, there was significant decline in overseas shipments of frozen pig meat other than cuts or carcases, when their volume decreased by -8.3% to X tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 84% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases contracted dramatically to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 97% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Japan, with a 76% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+30.4% per year) and Macao SAR (+80.0% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Japan, comprising 75% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+24.8% per year) and Macao SAR (+63.7% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, declining by -10.7% against the previous year. Over the period under review, the export price saw a perceptible reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 6.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Japan

In 2022, imports of frozen pig meat other than cuts or carcases into Japan skyrocketed to X tons, growing by 19% compared with the previous year. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of frozen pig meat other than cuts or carcases stood at $X in 2022. Over the period under review, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 19%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Mexico (X tons) and Denmark (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Japan, together accounting for 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and Denmark ($X) appeared to be the largest frozen pig meat other than cuts or carcases suppliers to Japan, with a combined 65% share of total imports.

Spain, with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, declining by -14.7% against the previous year. Overall, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Denmark ($X per ton), while the price for the United States ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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