Ireland: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Ireland

The Irish frozen pork cut market declined sharply to $X in 2022, which is down by -87% against the previous year. In general, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Frozen Pork Cut Production in Ireland

In value terms, frozen pork cut production reached $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46% against the previous year. Frozen pork cut production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Pork Cut Exports

Exports from Ireland

For the third year in a row, Ireland recorded decline in shipments abroad of frozen hams, shoulders and cuts of pig meat, which decreased by 0% to X tons in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 53%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork cut exports totaled $X in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 54% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for frozen pork cut exports from Ireland, with a 81% share of total exports. Moreover, frozen pork cut exports to China exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was taken by the Philippines (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+67.0% per year) and the Philippines (+9.4% per year).

It was followed by the Philippines, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+79.2% per year) and the Philippines (+1.6% per year).

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Denmark ($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 South Korea (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Pork Cut Imports

Imports into Ireland

In 2022, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by 0% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports enjoyed tangible growth. The pace of growth appeared the most rapid in 2019 when imports increased by 111% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen pork cut imports amounted to $X in 2022. In general, imports showed modest growth. The pace of growth appeared the most rapid in 2018 with an increase of 107%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest frozen pork cut supplier to Ireland, with a 61% share of total imports. Moreover, frozen pork cut imports from the UK exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+3.7% per year) and Germany (+76.8% per year).

In value terms, the UK ($X), Lithuania ($X) and Germany ($X) constituted the largest frozen pork cut suppliers to Ireland, with a combined 96% share of total imports.

Germany, with a CAGR of +65.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen pork cut import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2018 an increase of 33%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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