EU: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in the EU

In 2020, the EU preserved belly cut market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Preserved Belly Cut Production in the EU

In value terms, preserved belly cut production dropped to $X in 2020 estimated in export prices. In general, production saw a slight downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Production By Country in the EU

The countries with the highest volumes of preserved belly cut production in 2020 were Italy (X tons), Germany (X tons) and Spain (X tons), together accounting for X% of total production. Ireland, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the Netherlands, while preserved belly cut production for the other leaders experienced more modest paces of growth.

Preserved Belly Cut Exports

Exports in the EU

In 2020, overseas shipments 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. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The volume of export peaked at X tons in 2019, and then fell significantly in the following year.

In value terms, preserved belly cut exports shrank notably to $X in 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2019, and then fell significantly in the following year.

Exports by Country

Spain represented the key exporter of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the European Union, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2020. Italy (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Belgium (X%). The Netherlands (X tons), France (X tons), Germany (X tons) and Portugal (X tons) followed a long way behind the leaders.

Exports from Spain increased at an average annual rate of +X% from 2007 to 2020. At the same time, the Netherlands (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, Italy (-X%), Portugal (-X%), Germany (-X%) and France (-X%) illustrated a downward trend over the same period. Spain (+X p.p.), the Netherlands (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the total exports, while Italy, Germany and France saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest preserved belly cut supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Spain stood at +X%. In the other countries, the average annual rates were as follows: Italy (-X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2020, the preserved belly cut export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The level of export peaked in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Spain ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports in the EU

In 2020, overseas purchases of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2019, and then fell in the following year.

In value terms, preserved belly cut imports totaled $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X tons), distantly followed by Portugal (X tons), Spain (X tons), Belgium (X tons), Poland (X tons), Romania (X tons), Italy (X tons), Denmark (X tons) and Germany (X tons) represented the key importers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), together achieving X% of total imports. The Netherlands (X tons), Lithuania (X tons), Ireland (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In France, preserved belly cut imports declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Belgium (-X% per year).

Import Prices by Country

In 2020, the preserved belly cut import price in the European Union amounted to $X per ton, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the 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 import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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