Asia: Pork Market 2024

Pork Market Size in Asia

The Asian pork market shrank to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pork Production in Asia

In value terms, pork production stood at $X in 2022 estimated in export price. The total production indicated tangible growth 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 was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The country with the largest volume of pork production was China (X tons), accounting for X% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, Vietnam (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and South Korea (X% per year).

In 2022, the average pork yield in Asia fell to X kg per head, almost unchanged from the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 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 reached the maximum level at X kg per head in 2021, and then shrank slightly in the following year.

In 2022, the number of animals slaughtered for pork production in Asia contracted to X heads, which is down by X% compared with the previous year. In general, the number of producing animals saw a perceptible downturn. The pace of growth was the most pronounced in 2021 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

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Pork Exports

Exports in Asia

In 2022, overseas shipments of pork increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pork exports fell to $X in 2022. In general, exports, however, recorded a noticeable decrease. 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 remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), Hong Kong SAR (X tons) and Vietnam (X tons), together accounting for X% of total export. It was distantly followed by Singapore (X tons) and Georgia (X tons), together committing a X% share of total exports. Cyprus (X tons) and Thailand (X tons) held a little share of total exports.

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

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

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Georgia ($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 Asia

In 2022, overseas purchases of pork decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pork imports reduced sharply to $X in 2022. Overall, imports, however, posted a moderate expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China was the largest importer of pork in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and the Philippines (X tons). All these countries together took near X% share of total imports. Hong Kong SAR (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The Philippines, Hong Kong SAR, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, 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

The import price in Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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