France: Bacon And Ham Market 2024

Bacon And Ham Market Size in France

The French bacon and ham market reduced rapidly to $X in 2022, falling by -35.5% against the previous year. Over the period under review, consumption saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.4%. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bacon And Ham Production in France

In value terms, bacon and ham production declined remarkably to $X in 2022 estimated in export price. In general, production saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Bacon And Ham Exports

Exports from France

In 2022, overseas shipments of bacon, ham and other dried, salted or smoked pig meat increased by 18% to X tons, rising for the fourth consecutive year after five years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports reached $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 21%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), Italy (X tons) and the UK (X tons) were the main destinations of bacon and ham exports from France, together accounting for 57% of total exports. Portugal, Spain, Ireland and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from France, comprising 32% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by the UK, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.4% per year) and the UK (+6.3% per year).

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, shrinking by -7.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into France

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat increased by 2.1% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, bacon and ham imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 10%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of bacon and ham imports to France, together accounting for 78% of total imports. Belgium and the UK lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) constituted the largest bacon and ham suppliers to France, with a combined 84% share of total imports. Belgium and the UK lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the UK, with a CAGR of +13.6%, 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 average bacon and ham import price stood at $X per ton in 2022, which is down by -1.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :