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

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

In 2022, the Europe market for frozen pig meat other than cuts or carcases increased by 2.2% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Europe

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 strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -14.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of production of frozen pig meat other than cuts or carcases was Spain (X tons), accounting for 32% 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, Russia (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Spain amounted to +10.6%. The remaining producing countries recorded the following average annual rates of production growth: Russia (+22.1% per year) and Denmark (+3.7% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in Europe

In 2022, overseas shipments of frozen pig meat other than cuts or carcases decreased by -10.5% to X tons, falling for the second consecutive year after three years of growth. Total exports indicated tangible growth 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 -13.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs 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 noticeable expansion 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 -17.8% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 26%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Spain was the largest exporter of frozen pig meat other than cuts or carcases in Europe, with the volume of exports resulting at X tons, which was near 32% of total exports in 2022. Denmark (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (13%), Germany (12%), Poland (5.6%) and France (5.5%). 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. From 2012 to 2022, the share of Spain and the Netherlands increased by +14 and +5.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest frozen pig meat other than cuts or carcases supplier in Europe, comprising 35% of total exports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 14% share.

In Spain, exports of frozen pig meat other than cuts or carcases increased at an average annual rate of +11.2% over the period from 2012-2022. 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 Europe amounted to $X per ton, dropping by -3.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Europe

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported in Europe; jumping by 15% against the previous year. Over the period under review, imports, however, continue to indicate a pronounced descent. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 22%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Romania (X tons), Poland (X tons), the UK (X tons), France (X tons), Bulgaria (X tons), the Netherlands (X tons), Italy (X tons), the Czech Republic (X tons), Spain (X tons), Serbia (X tons), Hungary (X tons) and Croatia (X tons) represented roughly 71% of total imports in 2022. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Serbia (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of total imports. France, the Netherlands, Italy, Bulgaria, Germany, Spain, Serbia, the Czech Republic, Croatia and Hungary lagged somewhat behind, together accounting for a further 46%.

Serbia, with a CAGR of +14.6%, recorded the highest growth rate of 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

In 2022, the import price in Europe amounted to $X per ton, surging by 4% against the previous year. In general, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of 14%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the Czech Republic ($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