EU: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in the EU

In 2022, the EU frozen pork cut market increased by 22% to $X, rising for the sixth year in a row after two years of decline. In general, consumption showed a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Frozen Pork Cut Production in the EU

In value terms, frozen pork cut production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 57%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Spain (X tons), Germany (X tons) and Italy (X tons), together comprising 70% of total production.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +43.1%), while production for the other leaders experienced more modest paces of growth.

Frozen Pork Cut Exports

Exports in the EU

In 2022, shipments abroad of frozen hams, shoulders and cuts of pig meat decreased by -34.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen pork cut exports reduced dramatically to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 89% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Spain (X tons) was the key exporter of frozen hams, shoulders and cuts of pig meat, achieving 41% of total exports. Denmark (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Germany (X tons) and Ireland (X tons). All these countries together took approx. 48% share of total exports. The following exporters - France (X tons) and Poland (X tons) - together made up 5% of total exports.

Exports from Spain increased at an average annual rate of +9.8% from 2012 to 2022. At the same time, Denmark (+18.9%), the Netherlands (+14.2%) and Ireland (+9.7%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.9% from 2012-2022. France and Poland experienced a relatively flat trend pattern. By contrast, Germany (-4.5%) illustrated a downward trend over the same period. Spain (+10 p.p.), Denmark (+10 p.p.), the Netherlands (+6.9 p.p.) and Ireland (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Poland, France and Germany saw its share reduced by -2.1%, -2.2% and -19.2% from 2012 to 2022, respectively.

In value terms, Spain ($X) remains the largest frozen pork cut supplier in the European Union, comprising 44% of total exports. The second position in the ranking was taken by Denmark ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 15% share.

In Spain, frozen pork cut exports increased at an average annual rate of +8.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+19.5% per year) and the Netherlands (+13.8% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, dropping by -7.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and the Netherlands ($X per ton), while Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.5%), while the other leaders experienced mixed trends in the export price figures.

Frozen Pork Cut Imports

Imports in the EU

In 2022, overseas purchases of frozen hams, shoulders and cuts of pig meat increased by 7.1% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, frozen pork cut imports stood at $X in 2022. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X tons), Italy (X tons), Poland (X tons), the Netherlands (X tons), Portugal (X tons), Bulgaria (X tons), Spain (X tons), France (X tons), Slovakia (X tons), Belgium (X tons), Hungary (X tons) and Germany (X tons) represented roughly 88% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +9.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Romania ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 36% of total imports. Poland, Portugal, Bulgaria, France, Spain, Germany, Belgium, Slovakia and Hungary lagged somewhat behind, together comprising a further 52%.

In terms of the main importing countries, Portugal, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of imports, 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 the European Union stood at $X per ton in 2022, dropping by -2.1% against the previous year. In general, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2019 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :