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

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

In 2022, the Irish market for frozen pig meat other than cuts or carcases decreased by -90.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption continues to indicate a mild contraction. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

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

In value terms, production of frozen pig meat other than cuts or carcases rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Ireland

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were exported from Ireland; almost unchanged from the year before. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of frozen pig meat other than cuts or carcases totaled $X in 2022. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Australia (X tons), China (X tons) and Japan (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Ireland, together comprising 53% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +55.7%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and Japan ($X) constituted the largest markets for frozen pig meat other than cuts or carcases exported from Ireland worldwide, with a combined 52% share of total exports.

Among the main countries of destination, Australia, with a CAGR of +51.3%, recorded the highest growth rate of 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

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 the United States (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Ireland

In 2022, overseas purchases of frozen pig meat other than cuts or carcases decreased by 0% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 74% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases totaled $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Ireland, together comprising 61% of total imports. Poland, Denmark, Spain, Hungary and France lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +64.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and the Netherlands ($X) constituted the largest frozen pig meat other than cuts or carcases suppliers to Ireland, with a combined 54% share of total imports. Germany, Denmark, Spain, Hungary and France lagged somewhat behind, together comprising a further 44%.

In terms of the main suppliers, Hungary, with a CAGR of +79.1%, 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

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, approximately reflecting the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Hungary ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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