CIS: Bacon And Ham Market 2024

Bacon And Ham Market Size in CIS

The CIS bacon and ham market stood at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Bacon And Ham Production in CIS

In value terms, bacon and ham production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 87% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Bacon And Ham Exports

Exports in CIS

For the fourth year in a row, the CIS recorded growth in overseas shipments of bacon, ham and other dried, salted or smoked pig meat, which increased by 12% to X tons in 2022. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 254%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports skyrocketed to $X in 2022. In general, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 416%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bacon and ham exports from Belarus stood at -5.7%. At the same time, Russia (+8.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +8.6% from 2012-2022. While the share of Russia (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-4 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest bacon and ham supplier in the CIS, comprising 95% of total exports. The second position in the ranking was held by Russia ($X), with a 2.6% share of total exports.

In Belarus, bacon and ham exports shrank by an average annual rate of -4.1% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by 17% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham export price increased by +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.7%).

Bacon And Ham Imports

Imports in CIS

In 2022, after three 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 -31.7% to X tons. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 94%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bacon and ham imports declined to $X in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 97%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Moldova (X tons), Belarus (X tons), Russia (X tons) and Kazakhstan (X tons) represented the largest importer of bacon, ham and other dried, salted or smoked pig meat in the CIS, constituting 90% of total import. It was distantly followed by Armenia (X tons), achieving a 7% share of total imports. Azerbaijan (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported bacon, ham and other dried, salted or smoked pig meat in the CIS, comprising 43% of total imports. The second position in the ranking was taken by Moldova ($X), with a 21% share of total imports. It was followed by Belarus, with a 21% share.

In Russia, bacon and ham imports shrank by an average annual rate of -15.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Moldova (+24.9% per year) and Belarus (+15.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, increasing by 39% against the previous year. Overall, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 49%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+24.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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