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 Eastern Asia

The East Asian market for swine bellies (salted, in brine, dried or smoked) fell significantly to $X in 2022, waning by X% against the previous year. The total consumption indicated a noticeable increase 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. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of swine bellies (salted, in brine, dried or smoked) totaled $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Eastern Asia

In 2022, the amount of swine bellies (salted, in brine, dried or smoked) exported in Eastern Asia fell to X tons, waning by X% on the previous year's figure. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) dropped to $X in 2022. Over the period under review, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR represented the major exporter of swine bellies (salted, in brine, dried or smoked) in Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons) and Japan (X tons), together constituting a X% share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) and Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest salted, dried, or smoked swine bellies supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Export price indicated a buoyant increase 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, export price for swine bellies (salted, in brine, dried or smoked) decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

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

Imports in Eastern Asia

In 2022, imports of swine bellies (salted, in brine, dried or smoked) in Eastern Asia declined sharply to X tons, which is down by X% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) shrank remarkably to $X in 2022. Total imports indicated a perceptible expansion 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. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea represented the key importer of swine bellies (salted, in brine, dried or smoked) in Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons) and Japan (X tons), together mixing up a X% share of total imports. Macao SAR (X tons) and Taiwan (Chinese) (X tons) took a little share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), Macao SAR (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Macao SAR (X p.p.), Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Macao SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, 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 2022, the import price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue 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 Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform