Singapore: Preserved Swine Belly Market Overview 2021

Preserved Swine Belly Market Size in Singapore

For the seventh year in a row, the Singaporean preserved swine belly market recorded growth in sales value, which increased by X% to $X in 2019. Overall, consumption recorded buoyant growth. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the near future.

Preserved Swine Belly Production in Singapore

In value terms, preserved swine belly production reached $X in 2019 estimated in export prices. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the immediate term.

Preserved Swine Belly Exports

Exports from Singapore

In 2019, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) exported from Singapore declined to X tonnes, falling by -X% on 2018 figures. In general, exports showed a deep contraction. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, preserved swine belly exports declined to $X in 2019. Overall, exports saw a abrupt decrease. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Guyana (X tonnes) was the main destination for preserved swine belly exports from Singapore, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Guyana was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Guyana was relatively modest.

Export Prices by Country

In 2019, the average preserved swine belly export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2019 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Guyana.

From 2007 to 2019, the rate of growth in terms of prices for Guyana amounted to X% per year.

Preserved Swine Belly Imports

Imports into Singapore

In 2019, after four years of growth, there was decline in purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2018, and then reduced in the following year.

In value terms, preserved swine belly imports dropped to $X in 2019. Overall, imports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then shrank in the following year.

Imports by Country

The Netherlands (X tonnes), Denmark (X tonnes) and the U.S. (X tonnes) were the main suppliers of preserved swine belly imports to Singapore, together accounting for X% of total imports. These countries were followed by Germany, which accounted for a further X 2007 to 2019, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the U.S. ($X) and the Netherlands ($X) appeared to be the largest preserved swine belly suppliers to Singapore, together comprising X% of total imports. Germany lagged somewhat behind, comprising a further X terms of the main suppliers, Germany recorded 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 average preserved swine belly import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Denmark ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bellies and cuts of swine (salted, in brine, dried or smoked) in the world?

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The countries with the highest volumes of preserved swine belly consumption in 2019 were China (563K tonnes), the U.S. (366K tonnes) and India (212K tonnes), together comprising 29% of global consumption. These countries were followed by Japan, Russia, France, Pakistan, Indonesia, Brazil, Nigeria, Poland, Bangladesh and Mexico, which together accounted for a further 26%.

What are the largest producers of bellies and cuts of swine (salted, in brine, dried or smoked) in the world?

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The countries with the highest volumes of preserved swine belly production in 2019 were China (563K tonnes), the U.S. (385K tonnes) and India (212K tonnes), together comprising 30% of global production. Russia, Japan, Pakistan, France, Indonesia, Brazil, Nigeria, Poland, Bangladesh and Germany lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of bellies and cuts of swine (salted, in brine, dried or smoked) to Singapore?

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In value terms, the largest preserved swine belly suppliers to Singapore were Denmark ($1.8M), the U.S. ($1.4M) and the Netherlands ($1.2M), together comprising 82% of total imports. Germany lagged somewhat behind, comprising a further 18%.

What is the average export price for bellies and cuts of swine (salted, in brine, dried or smoked) in Singapore?

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In 2019, the average preserved swine belly export price amounted to $9,810 per tonne, rising by 5.2% against the previous year.

What is the average import price for bellies and cuts of swine (salted, in brine, dried or smoked) in Singapore?

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In 2019, the average preserved swine belly import price amounted to $4,584 per tonne, waning by -4.9% against the previous year.