Belgium: Bacon And Ham Market 2024

Bacon And Ham Market Size in Belgium

In 2022, the Belgian bacon and ham market increased by 13% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Production in Belgium

In value terms, bacon and ham production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Exports

Exports from Belgium

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -32.5% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bacon and ham exports fell dramatically to $X in 2022. In general, exports saw a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

France (X tons) was the main destination for bacon and ham exports from Belgium, with a 62% share of total exports. Moreover, bacon and ham exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Luxembourg (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.0% per year) and Luxembourg (+0.4% per year).

In value terms, France ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Belgium, comprising 53% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total exports. It was followed by Luxembourg, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.8% per year) and Luxembourg (+1.0% per year).

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, with an increase of 4.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Belgium

After five years of growth, purchases abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -30.5% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 13%. Imports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, bacon and ham imports contracted rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of bacon and ham imports to Belgium, together accounting for 72% of total imports. Spain and the Netherlands lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +7.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the largest bacon and ham suppliers to Belgium, with a combined 74% share of total imports. Spain and the Netherlands lagged somewhat behind, together accounting for a further 25%.

The Netherlands, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, in terms of 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, picking up by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($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 Netherlands (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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