Europe: Bacon And Ham Market 2024

Bacon And Ham Market Size in Europe

In 2022, the Europe bacon and ham market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bacon And Ham Production in Europe

In value terms, bacon and ham production rose notably to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.4%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports in Europe

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports dropped slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.6% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Italy (X tons), Spain (X tons), Denmark (X tons) and Germany (X tons) were the main exporters of bacon, ham and other dried, salted or smoked pig meat, together committing 83% of total exports. The UK (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined 71% share of total exports.

Among the main exporting countries, Spain, with a CAGR of +6.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 7.9% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Denmark ($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 (+1.5%), while the other leaders experienced more modest paces of growth.

Bacon And Ham Imports

Imports in Europe

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat increased by 12% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, bacon and ham imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 8.3% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The UK represented the largest importer of bacon, ham and other dried, salted or smoked pig meat in Europe, with the volume of imports amounting to X tons, which was near 44% of total imports in 2022. France (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Ireland (5.3%), Germany (5.2%) and Italy (4.7%). The following importers - Denmark (X tons), Belgium (X tons), Portugal (X tons), the Netherlands (X tons) and Austria (X tons) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bacon and ham imports into the UK stood at -2.2%. At the same time, Austria (+5.9%), Portugal (+5.9%), Ireland (+3.8%), France (+3.0%) and the Netherlands (+2.2%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in Europe, with a CAGR of +5.9% from 2012-2022. Italy, Belgium, Germany and Denmark experienced a relatively flat trend pattern. France (+3 p.p.) and Ireland (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the UK saw its share reduced by -11.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. Belgium, Italy, Denmark, the Netherlands, Ireland, Austria and Portugal lagged somewhat behind, together comprising a further 27%.

Portugal, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Europe stood at $X per ton in 2022, with a decrease of -7.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.9% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

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 Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform