Brazil: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Brazil

The Brazilian preserved belly cut market declined slightly to $X in 2020, shrinking by -X% against the previous year. Overall, the total consumption indicated a noticeable expansion 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 2018 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market failed to regain the momentum.

Preserved Belly Cut Production in Brazil

In value terms, preserved belly cut production contracted slightly to $X in 2020 estimated in export prices. In general, the total production indicated a noticeable expansion 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, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2012 to 2020, production growth failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Brazil

In 2020, approx. X tons of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were exported from Brazil; declining by -X% compared with the year before. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports shrank slightly to $X in 2020. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Panama (X tons), Liberia (X tons) and Marshall Islands (X tons) were the main destinations of preserved belly cut exports from Brazil, with a combined X% share of total exports. Hong Kong SAR, Singapore, Norway and Malta lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway, while exports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Marshall Islands ($X) and Liberia ($X) constituted the largest markets for preserved belly cut exported from Brazil worldwide, together comprising X% of total exports. Hong Kong SAR, Singapore, Malta and Norway lagged somewhat behind, together accounting for a further X the main countries of destination, Norway saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the export price recorded pronounced growth. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Malta ($X per ton), while the average price for exports to Hong Kong SAR ($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 Norway, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports into Brazil

In 2020, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, imports, however, recorded measured growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2019, and then contracted dramatically in the following year.

In value terms, preserved belly cut imports declined sharply to $X in 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tons) was the main supplier of preserved belly cut to Brazil, with a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Spain was relatively modest.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Spain totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Platform

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