Japan: Pork Market Overview 2021

Pork Market Size in Japan

The Japanese pork market rose rapidly to $X in 2019, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Pork Production in Japan

In value terms, pork production surged to $X in 2019 estimated in export prices. In general, production showed a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Pork production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

In 2019, the average pork yield in Japan totaled X kg per head, flattening at 2018. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average pork yield hit record highs in 2019 and is likely to see gradual growth in the near future.

In 2019, the number of animals slaughtered for pork production in Japan totaled X heads, remaining constant against the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, the number of producing animals reached the peak level of X heads. From 2010 to 2019, the growth of this number remained at a somewhat lower figure.

Pork Exports

Exports from Japan

In 2019, shipments abroad of pork decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, pork exports expanded significantly to $X in 2019. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for pork exports from Japan, with a X% share of total exports. Moreover, pork exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Macao SAR (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for pork exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Macao SAR (+X% per year).

Export Prices by Country

The average pork export price stood at $X per tonne in 2019, surging by X% against the previous year. In general, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Macao SAR ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into Japan

In 2019, after three years of growth, there was significant decline in supplies from abroad of pork, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then reduced in the following year.

In value terms, pork imports stood at $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are likely to see gradual growth in the near future.

Imports by Country

The U.S. (X tonnes), Canada (X tonnes) and Spain (X tonnes) were the main suppliers of pork imports to Japan, with a combined X% share of total imports. Mexico, Denmark, the Netherlands and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pork suppliers to Japan were the U.S. ($X), Canada ($X) and Spain ($X), together comprising X% of total imports. Mexico, Denmark, the Netherlands and Germany lagged somewhat behind, together comprising a further X the main suppliers, Germany (+X% per year) saw 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 2019, the average pork import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Denmark ($X per tonne) and the Netherlands ($X per tonne), while the price for Germany ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?

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The country with the largest volume of pork consumption was China (56M tonnes), comprising approx. 46% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (11M tonnes), fivefold. The third position in this ranking was occupied by Germany (4.5M tonnes), with a 3.7% share.

What are the largest producers of pork in the world?

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China (55M tonnes) constituted the country with the largest volume of pork production, accounting for 45% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. (12M tonnes), fivefold. The third position in this ranking was occupied by Germany (5.4M tonnes), with a 4.4% share.

What are the leading suppliers of pork to Japan?

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In value terms, the largest pork suppliers to Japan were the U.S. ($1.5B), Canada ($999M) and Spain ($567M), together comprising 64% of total imports. These countries were followed by Mexico, Denmark, the Netherlands and Germany, which together accounted for a further 28%.

What are the leading importers of pork from Japan?

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In value terms, Hong Kong SAR ($6M) remains the key foreign market for pork exports from Japan, comprising 74% of total exports. The second position in the ranking was occupied by Singapore ($1.8M), with a 22% share of total exports.

What is the average export price for pork in Japan?

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The average pork export price stood at $8,361 per tonne in 2019, jumping by 32% against the previous year.

What is the average import price for pork in Japan?

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The average pork import price stood at $4,370 per tonne in 2019, increasing by 11% against the previous year.