EU: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in the EU

In 2022, the EU market for frozen pig meat other than cuts or carcases decreased by -1.2% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in the EU

In value terms, production of frozen pig meat other than cuts or carcases shrank to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.2% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 24%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Spain (X tons) constituted the country with the largest volume of production of frozen pig meat other than cuts or carcases, comprising approx. 39% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in Spain exceeded the figures recorded by the second-largest producer, Denmark (X tons), threefold. The Netherlands (X tons) ranked third in terms of total production with a 14% share.

From 2012 to 2022, the average annual growth rate of volume in Spain amounted to +10.6%. The remaining producing countries recorded the following average annual rates of production growth: Denmark (+3.7% per year) and the Netherlands (+8.8% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in the EU

In 2022, shipments abroad of frozen pig meat other than cuts or carcases decreased by -10.4% to X tons, falling for the second year in a row after three years of growth. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 23%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases fell to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 27%. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain represented the largest exporting country with an export of around X tons, which recorded 34% of total exports. Denmark (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (14%), Germany (12%), Poland (5.9%) and France (5.8%). Ireland (X tons) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the frozen pig meat other than cuts or carcases exports, with a CAGR of +10.0% from 2012 to 2022. At the same time, the Netherlands (+8.9%), Ireland (+6.6%) and Denmark (+3.4%) displayed positive paces of growth. France and Poland experienced a relatively flat trend pattern. By contrast, Germany (-2.6%) illustrated a downward trend over the same period. While the share of Spain (+15 p.p.) and the Netherlands (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-2 p.p.), Poland (-2.3 p.p.) and Germany (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest frozen pig meat other than cuts or carcases supplier in the European Union, comprising 36% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Spain stood at +11.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+0.7% per year) and the Netherlands (+8.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, reducing by -2.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in the EU

In 2022, the amount of frozen pig meat other than cuts or carcases imported in the European Union was estimated at X tons, growing by 11% compared with the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of frozen pig meat other than cuts or carcases surged to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the eleven major importers of frozen pig meat other than cuts or carcases, namely Romania, Poland, France, Bulgaria, the Netherlands, Italy, the Czech Republic, Spain, Hungary, Croatia and Germany, represented more than two-thirds of total import. The following importers - Greece (X tons) and Portugal (X tons) - each accounted for a 4.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases importing markets in the European Union were Romania ($X), Poland ($X) and France ($X), together accounting for 31% of total imports. The Netherlands, Italy, Bulgaria, Germany, Spain, the Czech Republic, Croatia, Hungary, Portugal and Greece lagged somewhat behind, together accounting for a further 50%.

Spain, with a CAGR of +5.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 6.7% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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