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Eastern Asia - Sausages and Similar Products of Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Asia: Processed Meat Market 2024
Processed Meat Market Size in Eastern Asia
For the third consecutive year, the East Asian processed meat market recorded decline in sales value, which decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.
Processed Meat Production in Eastern Asia
In value terms, processed meat production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.
Processed Meat Exports
Exports in Eastern Asia
After two years of growth, overseas shipments of processed meat decreased by X% to X tons in 2023. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.
In value terms, processed meat exports declined modestly to $X in 2023. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
China prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by South Korea (X tons), mixing up a X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.
China experienced a relatively flat trend pattern with regard to volume of exports of processed meat. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.
In value terms, China ($X) remains the largest processed meat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.
In China, processed meat exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).
Export Prices by Country
The export price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.
From 2012 to 2023, 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.
Processed Meat Imports
Imports in Eastern Asia
Processed meat imports contracted to X tons in 2023, shrinking by X% on the previous year. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.
In value terms, processed meat imports fell slightly to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Japan (X tons) was the key importer of processed meat, comprising X% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and China (X%).
Japan experienced a relatively flat trend pattern with regard to volume of imports of processed meat. At the same time, China (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, China and South Korea increased by X, X and X percentage points, respectively.
In value terms, Japan ($X) constitutes the largest market for imported processed meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).
Import Prices by Country
The import price in Eastern Asia stood at $X per ton in 2023, remaining stable against the previous year. Overall, the import price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then reduced modestly in the following year.
Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the processed meat market in Eastern Asia. 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 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
- Prodcom 10851100 - Prepared meals and dishes based on meat, meat offal or blood
- Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
- Prodcom 100000Z1 - Prepared and preserved meat, meat offal or blood, including prepared meat and offal dishes
- Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
- Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
- Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
- Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
- Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
- Prodcom 10851410 - Cooked or uncooked pasta stuffed with meat, fish, cheese or other substances in any proportion
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
- Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked
- Prodcom 10131300 - Meat salted, in brine, dried or smoked, edible flours and meals of meat or meat offal (excluding pig meat, beef and veal salted, in brine, dried or smoked)
- Prodcom 10131430 - Liver sausages and similar products and food preparations based thereon (excluding prepared meals and dishes)
- Prodcom 10131460 - Sausages and similar products of meat, offal or blood and food preparations based thereon (excluding liver sausages and prepared meals and dishes)
Country coverage:
- China
- Democratic People's Republic of Korea
- Hong Kong SAR
- Japan
- Macao SAR
- South Korea
- Taiwan (Chinese)
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Asia, split by region and country
- Trade (exports and imports) in Eastern Asia
- 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.
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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
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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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
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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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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