Belgium: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Belgium

The Belgian preserved swine belly market rose significantly to $X in 2020, with an increase of X% against the previous year. Overall, the total consumption indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Preserved swine belly consumption peaked in 2020 and is expected to retain growth in years to come.

Preserved Swine Belly Production in Belgium

In value terms, preserved swine belly production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Preserved swine belly production peaked in 2020 and is likely to continue growth in the near future.

Preserved Swine Belly Exports

Exports from Belgium

In 2020, shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, preserved swine belly exports surged to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for preserved swine belly exports from Belgium, with a X% share of total exports. Moreover, preserved swine belly exports to France exceeded the volume sent to the second major destination, Luxembourg (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, 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: Luxembourg (+X% per year) and the Netherlands (-X% per year).

In value terms, France ($X) remains the key foreign market for preserved swine belly exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Belgium

In 2020, overseas purchases of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, preserved swine belly imports soared to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of preserved swine belly imports to Belgium, together comprising X% of total imports. These countries were followed by the Netherlands, which accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved swine belly suppliers to Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports.

The Netherlands 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 preserved swine belly import price stood at $X per ton in 2020, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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