Germany: Bacon And Ham Market 2024

Bacon And Ham Market Size in Germany

In 2022, the German bacon and ham market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Bacon And Ham Production in Germany

In value terms, bacon and ham production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild descent. Bacon and ham production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports from Germany

Bacon and ham exports from Germany declined dramatically to X tons in 2022, waning by -15.4% on the year before. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 9.8% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, bacon and ham exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 10%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Denmark (X tons) and France (X tons) were the main destinations of bacon and ham exports from Germany, with a combined 37% share of total exports. The Netherlands, Belgium, Poland, the UK, Austria, Ireland, Sweden, Romania, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +6.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Denmark ($X) appeared to be the largest markets for bacon and ham exported from Germany worldwide, with a combined 33% share of total exports. Belgium, the Netherlands, Poland, Austria, Sweden, Romania, the Czech Republic, the UK, Hungary and Ireland lagged somewhat behind, together accounting for a further 52%.

Romania, with a CAGR of +10.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 an increase of 9.2% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 Romania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Germany

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat decreased by -3.9% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.3%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports contracted to $X in 2022. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2013 when imports increased by 11%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of bacon and ham imports to Germany, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +7.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bacon and ham suppliers to Germany were Italy ($X), Spain ($X) and Austria ($X), together comprising 89% of total imports. The Netherlands, Belgium and France lagged somewhat behind, together accounting for a further 9.1%.

Among the main suppliers, the Netherlands, with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, dropping by -9.2% against the previous year. Over the period under review, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Austria ($X per ton), while the price for the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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