Denmark: Bacon And Ham Market 2024

Bacon And Ham Market Size in Denmark

The Danish bacon and ham market contracted dramatically to $X in 2022, reducing by -17.7% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Bacon and ham consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Bacon And Ham Production in Denmark

In value terms, bacon and ham production rose notably to $X in 2022 estimated in export price. In general, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports from Denmark

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 6.4% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for bacon and ham exports from Denmark, accounting for a 93% share of total exports. It was followed by Sweden (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -4.6%.

In value terms, the UK ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Denmark, comprising 86% of total exports. The second position in the ranking was held by Sweden ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to -6.4%.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Overall, the export price saw a mild decrease. The growth pace was the most rapid in 2020 an increase of 7.4% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-0.6%).

Bacon And Ham Imports

Imports into Denmark

In 2022, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -13.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 8.7% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports declined to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of bacon and ham to Denmark, accounting for a 45% share of total imports. Moreover, bacon and ham imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and Poland (+20.2% per year).

In value terms, the largest bacon and ham suppliers to Denmark were Germany ($X), the Netherlands ($X) and Poland ($X), with a combined 73% share of total imports.

Poland, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bacon and ham import price amounted to $X per ton, picking up by 2.7% against the previous year. Over the period under review, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :