South-Eastern Asia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2023

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in South-Eastern Asia

The Southeast Asian market for fresh or chilled pig meat other than cuts or carcases stood at $X in 2022, leveling off at the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +0.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in South-Eastern Asia

In value terms, production of fresh or chilled pig meat other than cuts or carcases amounted to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Indonesia (X tons) constituted the country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases, comprising approx. 61% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. Malaysia (X tons) ranked third in terms of total production with a 15% share.

In Indonesia, production of fresh or chilled pig meat other than cuts or carcases expanded at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+5.4% per year) and Malaysia (+7.0% per year).

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in South-Eastern Asia

In 2022, exports of fresh or chilled pig meat other than cuts or carcases in South-Eastern Asia expanded rapidly to X tons, rising by 11% on the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 333% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 325% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in carcases structure, reaching X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Malaysia (X tons), making up a 7.1% share of total exports.

Thailand was also the fastest-growing in terms of the fresh or chilled pig meat other than cuts or carcases exports, with a CAGR of +65.0% from 2012 to 2022. At the same time, Malaysia (+22.4%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand increased by +55 percentage points.

In value terms, Thailand ($X) remains the largest fresh pork other than cuts or carcases supplier in South-Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to +64.5%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.3%).

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in South-Eastern Asia

In 2022, imports of fresh or chilled pig meat other than cuts or carcases in South-Eastern Asia dropped markedly to X tons, reducing by -23.7% on the year before. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases declined to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Singapore was the major importer of fresh or chilled pig meat other than cuts or carcases in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. 62% of total imports in 2022. Malaysia (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Brunei Darussalam (15%). Indonesia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh pork other than cuts or carcases imports into Singapore stood at -9.8%. At the same time, Malaysia (+14.5%) and Brunei Darussalam (+7.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +14.5% from 2012-2022. By contrast, Indonesia (-11.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Brunei Darussalam increased by +14 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases in South-Eastern Asia, comprising 71% of total imports. The second position in the ranking was held by Brunei Darussalam ($X), with a 12% share of total imports. It was followed by Malaysia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at -6.8%. The remaining importing countries recorded the following average annual rates of imports growth: Brunei Darussalam (+12.9% per year) and Malaysia (+14.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2020 when the import price increased by 20%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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