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Spain - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Spain - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Jan 4, 2023

Spain's Bacon and Ham Price Reaches $11.3 per kg After Two Consecutive Months of Growth

Spain Bacon and Ham Export Price in September 2022

In September 2022, the bacon and ham price amounted to $11.3 per kg (FOB, Spain), increasing by 2.3% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in June 2022 an increase of 12% month-to-month. As a result, the export price reached the peak level of $11.9 per kg. From July 2022 to September 2022, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($16.8 per kg), while the average price for exports to Sweden ($5.0 per kg) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spain Bacon and Ham Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was hams, shoulders and cuts of swine (salted, in brine, dried or smoked) ($12.5 per kg), while the average price for exports of swine bellies (salted, in brine, dried or smoked) ($3,392 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: salted, dried, or smoked swine bellies (+9.4%), while the prices for the other products experienced more modest paces of growth.

Spain Bacon and Ham Exports

In September 2022, exports of bacon, ham and other dried, salted or smoked pig meat from Spain rose sharply to 6.5K tons, increasing by 5.3% on the previous month. The total export volume increased at an average monthly rate of +3.3% from January 2022 to September 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain months. The pace of growth appeared the most rapid in July 2022 when exports increased by 20% against the previous month. As a result, the exports attained the peak of 6.5K tons; afterwards, it flattened through to September 2022.

In value terms, bacon and ham exports expanded sharply to $73M (IndexBox estimates) in September 2022. The total export value increased at an average monthly rate of +6.2% over the period from January 2022 to September 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in February 2022 when exports increased by 13% m-o-m. Over the period under review, the exports reached the peak figure in September 2022.

Spain Bacon and Ham Exports by Type

Pig meat other than hams or bellies (salted, in brine, dried or smoked) (4.6K tons) was the largest type of bacon and ham exported from Spain, accounting for a 71% share of total exports. Moreover, pig meat other than hams or bellies (salted, in brine, dried or smoked) exceeded the volume of the second product type, hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (1.3K tons), threefold.

From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at +3.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+4.0% per month) and swine bellies (salted, in brine, dried or smoked) (+0.4% per month).

In value terms, pig meat other than hams or bellies (salted, in brine, dried or smoked) ($55M) remains the largest type of bacon and ham exported from Spain, comprising 75% of total exports. The second position in the ranking was taken by hams, shoulders and cuts of swine (salted, in brine, dried or smoked) ($17M), with a 23% share of total exports.

From January 2022 to September 2022, the average monthly rate of growth in terms of the export volume of pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at +5.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+7.1% per month) and swine bellies (salted, in brine, dried or smoked) (+9.8% per month).

Spain Bacon and Ham Exports by Country

France (1.3K tons), Germany (1.1K tons) and Portugal (580 tons) were the main destinations of bacon and ham exports from Spain, together comprising 46% of total exports. These countries were followed by Italy, the United States, Mexico, the Netherlands, Belgium, China, Japan, Sweden, the UK and Ukraine, which together accounted for a further 36%.

From January 2022 to September 2022, the biggest increases were in Japan (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($14M), Germany ($11M) and Portugal ($4.9M) were the largest markets for bacon and ham exported from Spain worldwide, with a combined 41% share of total exports. These countries were followed by the United States, Mexico, Italy, China, the UK, Belgium, Japan, the Netherlands, Ukraine and Sweden, which together accounted for a further 38%.

Japan, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bacon and ham market in Spain. 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 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)

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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