Australia: Bacon And Ham Market 2024

Bacon And Ham Market Size in Australia

The Australian bacon and ham market shrank to $X in 2022, waning by -11.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Bacon And Ham Exports

Exports from Australia

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 113% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 203% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bacon and ham exports surged to $X in 2022. In general, exports, however, showed a perceptible reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), Singapore (X tons) and the Philippines (X tons) were the main destinations of bacon and ham exports from Australia, together comprising 75% of total exports. New Zealand, Nauru, Malaysia, Vanuatu, South Korea and New Caledonia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bacon and ham exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Singapore ($X), together comprising 74% of total exports.

New Zealand, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, declining by -29.3% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2013 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Australia

In 2022, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were imported into Australia; falling by -4.8% on the previous year. Overall, imports recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 23%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, bacon and ham imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of bacon and ham imports to Australia, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +10.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Spain ($X) and Denmark ($X) appeared to be the largest bacon and ham suppliers to Australia, with a combined 99% share of total imports.

Spain, with a CAGR of +8.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, surging by 4.3% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham import price increased by +65.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 12% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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