Thailand: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Thailand

The Thai preserved swine meat cut market contracted modestly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a pronounced slump. Preserved swine meat cut consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Thailand

In value terms, preserved swine meat cut production contracted to $X in 2023 estimated in export price. Overall, production showed a perceptible descent. The growth pace was the most rapid in 2020 when the production volume increased by X%. Preserved swine meat cut production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Thailand

In 2023, shipments abroad of prepared or preserved shoulders and cuts of swine meat increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat cut exports skyrocketed to $X in 2023. Overall, exports saw a significant expansion. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for preserved swine meat cut exports from Thailand, accounting for a X% share of total exports. Moreover, preserved swine meat cut exports to Malaysia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Hong Kong SAR (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the average preserved swine meat cut export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a modest increase. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Thailand

In 2023, preserved swine meat cut imports into Thailand skyrocketed to X tons, increasing by X% on the previous year. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, preserved swine meat cut imports surged to $X in 2023. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of preserved swine meat cut to Thailand, accounting for a X% share of total imports. Moreover, preserved swine meat cut imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the UK (X% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Thailand, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the UK (X% per year).

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price enjoyed a mild expansion. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform