Austria: Bacon And Ham Market 2024

Bacon And Ham Market Size in Austria

The Austrian bacon and ham market rose significantly to $X in 2022, picking up by 7.5% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.7% against 2012 indices. Bacon and ham consumption peaked in 2022 and is likely to continue growth in the near future.

Bacon And Ham Production in Austria

In value terms, bacon and ham production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +85.9% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18%. Bacon and ham production peaked in 2022 and is expected to retain growth in the immediate term.

Bacon And Ham Exports

Exports from Austria

After five years of growth, overseas shipments of bacon, ham and other dried, salted or smoked pig meat decreased by -7.8% to X tons in 2022. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, bacon and ham exports totaled $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.6% against 2015 indices. The growth pace was the most rapid in 2020 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of bacon and ham exports from Austria, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bacon and ham exported from Austria were Germany ($X), Italy ($X) and the Czech Republic ($X), with a combined 86% share of total exports.

The Czech Republic, with a CAGR of +11.1%, saw the highest growth rate of 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

The average bacon and ham export price stood at $X per ton in 2022, picking up by 8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Slovenia ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+3.2%), while the prices for the other major destinations experienced a decline.

Bacon And Ham Imports

Imports into Austria

In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat imported into Austria rose notably to X tons, with an increase of 7.8% against the previous year's figure. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.0% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 42%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, bacon and ham imports contracted rapidly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of bacon and ham imports to Austria, with a combined 90% share of total imports. Switzerland and Spain lagged somewhat behind, together comprising a further 7.2%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +90.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Austria, comprising 54% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Hungary, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Hungary (+24.7% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, dropping by -23.9% against the previous year. Overall, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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