Belgium: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Belgium

The Belgian preserved swine meat cut market surged to $X in 2021, with an increase of 15% against the previous year. Overall, consumption enjoyed a buoyant expansion. Preserved swine meat cut consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Belgium

In value terms, preserved swine meat cut production soared to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Preserved swine meat cut production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Belgium

After two years of decline, shipments abroad of prepared or preserved shoulders and cuts of swine meat increased by 7.2% to X tons in 2021. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 8.1% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat cut exports rose rapidly to $X in 2021. In general, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Denmark (X tons) and the Netherlands (X tons) were the main destinations of preserved swine meat cut exports from Belgium, together comprising 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +3.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved swine meat cut exported from Belgium were Sweden ($X), the Netherlands ($X) and Germany ($X), together accounting for 61% of total exports.

Sweden, with a CAGR of +2.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average preserved swine meat cut export price amounted to $X per ton, with an increase of 1.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 9.6% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Belgium

After two years of growth, overseas purchases of prepared or preserved shoulders and cuts of swine meat decreased by -10.6% to X tons in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 24% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, preserved swine meat cut imports contracted to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of preserved swine meat cut to Belgium, with a 71% share of total imports. Moreover, preserved swine meat cut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+67.6% per year) and Germany (+20.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Belgium, comprising 59% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-11.2% per year) and Germany (+28.6% per year).

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, reducing by -2.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13%. The import price peaked at $X per ton in 2020, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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