Benelux: Bacon And Ham Market 2024

Bacon And Ham Market Size in Benelux

The Benelux bacon and ham market rose markedly to $X in 2022, increasing by 11% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Bacon And Ham Production in Benelux

In value terms, bacon and ham production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11% against the previous year. The level of production peaked in 2022 and is likely to continue growth in years to come.

Bacon And Ham Exports

Exports in Benelux

In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat exported in Benelux reached X tons, stabilizing at 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, bacon and ham exports contracted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2022. It was distantly followed by Belgium (X tons), achieving an 8.5% share of total exports.

The Netherlands was also the fastest-growing in terms of the bacon, ham and other dried, salted or smoked pig meat exports, with a CAGR of +1.3% from 2012 to 2022. Belgium (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +4.6 percentage points.

In value terms, the Netherlands ($X) remains the largest bacon and ham supplier in Benelux, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports.

In the Netherlands, bacon and ham exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, shrinking by -5.8% against the previous year. Over the period under review, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2013 an increase of 4.2%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%).

Bacon And Ham Imports

Imports in Benelux

In 2022, after four years of growth, there was significant decline in purchases abroad of bacon, ham and other dried, salted or smoked pig meat, when their volume decreased by -18.2% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 36%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, bacon and ham imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 25%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates imports structure, together making up 94% of total imports. It was distantly followed by Luxembourg (X tons), constituting a 6.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +2.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2022.

The Netherlands, with a CAGR of +2.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 6.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($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 (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform