South-Eastern Asia: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in South-Eastern Asia

In 2022, the Southeast Asian market for swine bellies (salted, in brine, dried or smoked) decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated modest growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in South-Eastern Asia

In value terms, production of swine bellies (salted, in brine, dried or smoked) soared to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports in South-Eastern Asia

In 2022, overseas shipments of swine bellies (salted, in brine, dried or smoked) decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) shrank rapidly to $X in 2022. In general, exports saw a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the major exporter of swine bellies (salted, in brine, dried or smoked) in South-Eastern Asia, with the volume of exports amounting to X kg, which was approx. X% of total exports in 2022. It was distantly followed by Vietnam (X kg), making up a X% share of total exports.

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

In value terms, Singapore ($X) remains the largest salted, dried, or smoked swine bellies supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

In Singapore, exports of swine bellies (salted, in brine, dried or smoked) decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports in South-Eastern Asia

In 2022, approx. X tons of swine bellies (salted, in brine, dried or smoked) were imported in South-Eastern Asia; dropping by X% compared with the previous year's figure. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) contracted rapidly to $X in 2022. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Myanmar represented the main importing country with an import of about X tons, which reached X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Timor-Leste (X%). The following importers - Vietnam (X tons) and Brunei Darussalam (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salted, dried, or smoked swine bellies importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Vietnam ($X), together comprising X% of total imports.

In terms of the main importing countries, Singapore, with a CAGR of X%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform