Pork market in ASEAN

Earlier Report Observations

ASEAN's pork market volume declined from 7.1 million t in 2018 to 6.6 million t in 2020, primarily due to outbreaks of African Swine Fever (ASF) which reduced domestic production. Enhanced biosecurity and disease control measures helped stabilize hog herds and limit further losses.

From 2021, the market recovered, reaching 7.1 million t in 2023. This growth was driven by a sharp rise in imports of frozen pork, which more than doubled from 287 thousand t in 2020 to 608 thousand t in 2022, with Brazil, Russia, and Canada as key suppliers. Strong local demand, with per capita consumption in major markets like Vietnam among the highest globally, supported this expansion. Large producers, including Dabaco and CP Group, modernized farming and supply chains, contributing to a rebound in domestic output.

In value terms, the market experienced more pronounced swings, peaking at USD 23.3 billion in 2020 and USD 24.4 billion in 2023. Rising pork prices were fueled by strong demand, increased feed costs, and global supply chain pressures. Competitive prices for imported pork also exerted pressure on local producers, further stimulating import volumes.

Production pork in ASEAN

In kind, 2017-2020, K t

Top producers of pork, 2017-2020

World map of production of pork, 2017-2020

Pork production in ASEAN has declined for the third year in a row. In 2020, the region produced 6 382 thousand tons of pork, which represents a 1.6% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 16%, with an average annual decline of 5.6%.

Annual dynamics of production in ASEAN in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of pork output in ASEAN reached 22 631 million US dollars, marking a significant increase of 26.8% from the year before. Over the 2017-2020 period, production value grew by 23.7%, with an average annual growth rate of 7.4%. The lowest value was recorded in 2019 at 17 852 million US dollars, which also saw the largest decline of 7.1%.

Annual dynamics of production in ASEAN in value, 2017-2020, M $ US

Exports pork from ASEAN

Exports in kind, K t

The market exhibited considerable volatility during these years. From 2018 to 2020, the difference between the highest and lowest points was 2.1 times. In 2020, ASEAN's pork exports amounted to 43.5 thousand tons, showing a year-on-year increase of 20.9%. The lowest volume was recorded in 2018 at 21.0 thousand tons, which also experienced the largest decline of 38.1%. The most substantial increase occurred in 2019, with a jump of 71.6%.

Annual dynamics of product's exports from ASEAN in kind, 2017-2020, K t

Between 2017 and 2020, Hong Kong dominated ASEAN's pork exports in volume terms, accounting for 78.3% of total shipments. The remaining share was distributed among a variety of smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from ASEAN in kind, 2017-2020

Exports in value, M $ US

Pork exports from ASEAN have increased for the second consecutive year. In 2020, export value reached 154.3 million US dollars, reflecting a 55.7% rise compared to the previous year. From 2017 to 2020, exports grew by 89%, which translates to an average annual growth rate of 23.6%. The lowest value was recorded in 2018 at 58.6 million US dollars, which also saw the largest decline of 28.2%. The most significant increase occurred in 2019, with a 69.0% surge.

Annual dynamics of product's exports from ASEAN in value, 2017-2020, M $ US

From 2017 to 2020, Hong Kong was the primary market for ASEAN's pork exports in value terms, representing 75.2% of total export value. Other destinations accounted for a smaller portion of exports.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from ASEAN in value, 2017-2020

Imports pork to ASEAN

Imports in kind, K t

In 2020, ASEAN imported 287.1 thousand tons of pork, which represents a 35.2% increase compared to 2019. Over the 2017-2020 period, imports grew by 39.9%, with an average annual growth rate of 11.9%. The largest decline was recorded in 2019 at 8.6%.

Annual dynamics of product's imports to ASEAN in kind, 2017-2020, K t

Between 2017 and 2020, Brazil, Canada, and Germany were the leading suppliers of pork to ASEAN in volume terms. Brazil accounted for 23.7% of imports, Canada for 15.7%, and Germany for 11.5%. Together, these three countries represented 50.9% of total pork imports by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to ASEAN in kind, 2017-2020

Imports in value, M $ US

In 2020, ASEAN imported pork worth 844.9 million US dollars, marking a 59.5% increase compared to 2019. From 2017 to 2020, import value grew by 59.3%, with an average annual growth rate of 16.8%. The lowest value was recorded in 2019 at 529.6 million US dollars, which also experienced the largest decline of 5.6%.

Annual dynamics of product's imports to ASEAN in value, 2017-2020, M $ US

Between 2017 and 2020, Brazil, Canada, and Germany were among the largest suppliers of pork to ASEAN in value terms. Brazil accounted for 23.9% of import value, Canada for 12.6%, and Germany for 10.8%. However, even combined, these three countries represented only 47.2% of total import value, indicating a broadly diversified supplier base.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to ASEAN in value, 2017-2020