ASEAN: Pork Market 2024

Pork Market Size in ASEAN

The ASEAN pork market was estimated at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Pork Production in ASEAN

In value terms, pork production reached $X in 2022 estimated in export price. In general, production posted a notable expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Vietnam (X tons), the Philippines (X tons) and Thailand (X tons), with a combined X% share of total production. Indonesia, Myanmar, Malaysia and Cambodia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Indonesia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of pork in ASEAN amounted to X kg per head, standing approx. at 2021 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by X% against the previous year. Over the period under review, the pork yield attained the peak level at X kg per head in 2014; however, from 2015 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for pork production in ASEAN reached X heads, stabilizing at the previous year. In general, the number of producing animals, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2017; however, from 2018 to 2022, producing animals stood at a somewhat lower figure.

Pork Exports

Exports in ASEAN

In 2022, overseas shipments of pork decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports fell markedly to $X in 2022. In general, exports, however, enjoyed a measured increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X tons) represented the main exporter of pork, constituting X% of total exports. It was distantly followed by Singapore (X tons), comprising a X% share of total exports. Thailand (X tons) and Malaysia (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a mild expansion 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, pork export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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

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

Pork Imports

Imports in ASEAN

In 2022, approx. X tons of pork were imported in ASEAN; increasing by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pork imports reached $X in 2022. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Philippines represented the main importer of pork in ASEAN, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to pork imports into the Philippines stood at X%. At the same time, Vietnam (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported pork in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In the Philippines, pork imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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