Brazil: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Brazil

In 2020, after two years of growth, there was significant decline in the Brazilian preserved swine belly market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Preserved swine belly consumption peaked at $X in 2019, and then contracted in the following year.

Preserved Swine Belly Production in Brazil

In value terms, preserved swine belly production dropped to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% y-o-y. Preserved swine belly production peaked at $X in 2019, and then fell in the following year.

Preserved Swine Belly Exports

Exports from Brazil

In 2020, shipments abroad 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 seven years of decline. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports skyrocketed to $X in 2020. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Paraguay (X tons) was the main destination for preserved swine belly exports from Brazil, with a X% share of total exports. Moreover, preserved swine belly exports to Paraguay exceeded the volume sent to the second major destination, Liberia (X tons), more than tenfold. The third position in this ranking was occupied by Marshall Islands (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Paraguay totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+X% per year) and Marshall Islands (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Paraguay amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+X% per year) and Marshall Islands (+X% per year).

Export Prices by Country

In 2020, the average preserved swine belly export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, export price indicated a prominent expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The export price peaked at $X per ton in 2019, and then contracted dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per ton), while the average price for exports to Paraguay ($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 Marshall Islands, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Brazil

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) imported into Brazil declined significantly to X tons, shrinking by -X% on 2019. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2015 to 2020, the growth imports remained at a lower figure.

In value terms, preserved swine belly imports contracted significantly to $X in 2020. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Portugal (X tons) constituted the largest supplier of preserved swine belly to Brazil, with a X% share of total imports. Moreover, preserved swine belly imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Portugal totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).

In value terms, Portugal ($X) constituted the largest supplier of preserved swine belly to Brazil, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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