Eastern Asia: Pork Market 2024

Pork Market Size in Eastern Asia

The East Asian pork market dropped modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pork Production in Eastern Asia

In value terms, pork production rose sharply to $X in 2022 estimated in export price. The total production indicated a noticeable 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

China (X tons) remains the largest pork producing country in Eastern Asia, accounting for X% of total volume. It was followed by South Korea (X tons), with a X% share of total production. Japan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at X%. The remaining producing countries recorded the following average annual rates of production growth: South Korea (X% per year) and Japan (X% per year).

The average pork yield amounted to X kg per head in 2022, flattening at 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the pork yield remained at a somewhat lower figure.

In 2022, number of animals slaughtered for pork production in Eastern Asia contracted to X heads, which is down by X% on 2021. Over the period under review, the number of producing animals saw a pronounced contraction. The pace of growth was the most pronounced in 2021 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Pork Exports

Exports in Eastern Asia

In 2022, overseas shipments of pork increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pork exports totaled $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) prevails in exports structure, together constituting X% of total exports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest pork supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated notable growth 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 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($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 mixed trends in the export price figures.

Pork Imports

Imports in Eastern Asia

In 2022, supplies from abroad of pork decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pork imports shrank sharply to $X in 2022. In general, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China was the largest importing country with an import of around X tons, which amounted to X% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Hong Kong SAR (X tons). All these countries together held approx. X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pork importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, falling by X% against the previous year. In general, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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