Salted, brined, dried or smoked pork market in Eastern Asia

Earlier Report Observations

The market volume for salted, brined, dried, or smoked pork in Eastern Asia contracted from 261 thousand tons in 2018 to 204 thousand tons in 2020, before recovering to 281 thousand tons by 2023. The rebound from 2021 onward coincided with the scaling and intensification of pig farming in the region, which improved efficiency and increased the supply of raw pork for processing. Persistent seasonal demand for traditional cured and smoked meat products during winter months also supported steady consumption growth in the latter part of the period.

Traditional production methods, such as prolonged salting and smoking practiced in regions like Sichuan and Chongqing, continued to define the product landscape. Alongside this, evolving consumer preferences for healthier options encouraged the development of products with reduced salt and no additives, although this shift primarily influenced product variety rather than overall market volume. Fluctuations in pork prices were reflected in the market's value, which grew from $1.7 billion in 2018 to $2.6 billion in 2023.

Production salted, brined, dried or smoked pork in Eastern Asia

In kind, 2017-2020, K t

Top producers of salted, brined, dried or smoked pork, 2017-2020

World map of production of salted, brined, dried or smoked pork, 2017-2020

Salted, brined, dried, or smoked pork production in Eastern Asia has declined for the third year in a row. In 2019, production was higher, but by 2020 it dropped to 196.7 thousand tons, marking a significant 19.5% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 24.1%, which translates to an average annual decline of 8.8%.

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

In value, 2017-2020, M $ US

Salted, brined, dried, or smoked pork production in Eastern Asia has declined for the second consecutive year. In 2020, the output was valued at 1 510 million US dollars, showing a modest 5.9% drop compared to 2019. The highest value was recorded in 2018 at 1 609 million US dollars, which also saw the largest increase of 6.1% during this period.

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

Exports salted, brined, dried or smoked pork from Eastern Asia

Exports in kind, t

Cross-border shipments of salted, brined, dried, or smoked pork from Eastern Asia have fallen for the third year in a row. In 2019, exports were higher, but in 2020 they totaled just 535 tons, representing a dramatic 43.8% decrease from the previous year. From 2017 to 2020, exports dropped by 58.6%, with a compound annual growth rate of -25.5%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Vietnam and Thailand were the main buyers of salted, brined, dried, or smoked pork from Eastern Asia, together accounting for 5.2% of total exports in volume.

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

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

Exports in value, M $ US

Salted, brined, dried, or smoked pork exports from Eastern Asia have declined for the third consecutive year. In 2020, the region exported 4.1 million US dollars worth of this product, down 34.4% from 2019. Between 2017 and 2020, exports decreased by 45.7%, averaging an 18.4% annual decline.

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

Between 2017 and 2020, Thailand and Vietnam were notable buyers of salted, brined, dried, or smoked pork from Eastern Asia, jointly making up 4.4% of total exports in value.

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

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

Imports salted, brined, dried or smoked pork to Eastern Asia

Imports in kind, t

Eastern Asia's imports of salted, brined, dried, or smoked pork have declined for the third year in a row. In 2020, imports stood at 8 117 tons, reflecting a strong 13.8% decrease from 2019. Over the period from 2017 to 2020, imports fell by 35.6%, with a compound annual growth rate of -13.7%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Italy, the United States, and Spain led the import structure in volume for salted, brined, dried, or smoked pork in Eastern Asia. Italy accounted for 33.8% of imports, the United States for 23.5%, and Spain for 13.7%, together representing 71.0% of total flows.

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

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

Imports in value, M $ US

Imports of salted, brined, dried, or smoked pork into Eastern Asia have declined for the third consecutive year. In 2020, imports amounted to 102.6 million US dollars, down 3.8% from 2019. Between 2017 and 2020, imports decreased by 14.4%, with an average annual decline of 5.0%.

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

Throughout 2017 to 2020, Italy, Spain, and the United States formed the core of imports in value for salted, brined, dried, or smoked pork in Eastern Asia. Italy held 41.1% of imports, Spain 25.3%, and the United States 15.4%, together accounting for 81.8% of total flows.

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

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