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Republic of Korea - Bellies And Cuts Of Swine (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salted, Dried, or Smoked Swine Bellies in South Korea - 2022
Contents:
- Price for Salted, Dried, or Smoked Swine Bellies in South Korea (CIF) - 2022
- Price for Salted, Dried, or Smoked Swine Bellies in South Korea (FOB) - 2022
- Imports of Salted, Dried, or Smoked Swine Bellies in South Korea
- Exports of Salted, Dried, or Smoked Swine Bellies in South Korea
Price for Salted, Dried, or Smoked Swine Bellies in South Korea (CIF) - 2022
In December 2022, the average import price for swine bellies (salted, in brine, dried or smoked) amounted to $8,451 per ton, which is down by -8.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 20% m-o-m. Over the period under review, average import prices attained the peak figure at $9,742 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($73,333 per ton), while the price for the United States amounted to $8,427 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.0%).
Price for Salted, Dried, or Smoked Swine Bellies in South Korea (FOB) - 2022
In 2022, the average export price for swine bellies (salted, in brine, dried or smoked) amounted to $10,520 per ton, stabilizing at the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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) increased by +96.0% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36%. The export price peaked at $10,568 per ton in 2021, and then declined slightly in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($13,900 per ton), while the average price for exports to Hong Kong SAR ($10,345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salted, Dried, or Smoked Swine Bellies in South Korea
After three years of growth, supplies from abroad of swine bellies (salted, in brine, dried or smoked) decreased by -9.1% to 1.7K tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 7.8%.
In value terms, imports of swine bellies (salted, in brine, dried or smoked) dropped to $15M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $15M, and then contracted in the following year.
Import of Salted, Dried, or Smoked Swine Bellies in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.4 | 10.5 | 13.5 | 13.6 | 9.4% |
Spain | 0.3 | 0.7 | 0.8 | 1.0 | 49.4% |
Others | 0.6 | 0.5 | 0.6 | N/A | 0.0% |
Total | 11.3 | 11.7 | 14.9 | 14.6 | 8.9% |
Top Suppliers of Salted, Dried, or Smoked Swine Bellies to South Korea in 2022:
- United States (1472.6 tons)
- Spain (179.1 tons)
Exports of Salted, Dried, or Smoked Swine Bellies in South Korea
In 2022, the amount of swine bellies (salted, in brine, dried or smoked) exported from South Korea reduced sharply to 442 kg, which is down by -28.7% on 2021. In general, exports, however, showed a notable expansion. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year. As a result, the exports attained the peak of 620 kg, and then contracted notably in the following year.
In value terms, exports of swine bellies (salted, in brine, dried or smoked) contracted notably to $4.7K in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 139%. As a result, the exports reached the peak of $6.6K, and then contracted rapidly in the following year.
Export of Salted, Dried, or Smoked Swine Bellies in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 2.3 | 2.0 | 4.3 | 4.3 | 23.2% |
Iraq | 0.3 | 0.2 | 0.7 | 0.3 | 0.0% |
Philippines | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
Malaysia | N/A | N/A | 1.3 | N/A | 0% |
Cambodia | 0.2 | 0.4 | N/A | N/A | 100.0% |
Lao People's Democratic Republic | 0.3 | N/A | N/A | N/A | 0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 3.4 | 2.7 | 6.6 | 4.7 | 11.4% |
Top Export Markets for Salted, Dried, or Smoked Swine Bellies from South Korea in 2022:
- Hong Kong SAR (411.0 kg)
- Iraq (20.0 kg)
- Philippines (11.0 kg)
This report provides an in-depth analysis of the market for salted, dried, or smoked swine bellies in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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