Ireland: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Ireland

The Irish preserved swine meat market reduced dramatically to $X in 2021, declining by -32.4% against the previous year. Overall, consumption saw a mild reduction. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Preserved Swine Meat Production in Ireland

In value terms, preserved swine meat production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Preserved swine meat production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Swine Meat Exports

Exports from Ireland

In 2021, the amount of prepared or preserved hams and cuts of swine meat exported from Ireland surged to X tons, increasing by 48% on 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat exports surged to $X in 2021. In general, exports, however, showed a abrupt downturn. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for preserved swine meat exports from Ireland, with a 95% share of total exports. It was followed by Germany (X tons), with a 1.4% share of total exports. France (X tons) ranked third in terms of total exports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.0% per year) and France (-16.0% per year).

In value terms, the UK ($X) remains the key foreign market for prepared or preserved hams and cuts of swine meat exports from Ireland, comprising 95% of total exports. The second position in the ranking was held by Germany ($X), with a 1.2% share of total exports. It was followed by France, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-19.2% per year) and France (-21.8% per year).

Export Prices by Country

The average preserved swine meat export price stood at $X per ton in 2021, surging by 14% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-5.1%), while the prices for the other major destinations experienced a decline.

Preserved Swine Meat Imports

Imports into Ireland

In 2021, supplies from abroad of prepared or preserved hams and cuts of swine meat decreased by -43.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a perceptible setback. The growth pace was the most rapid in 2019 with an increase of 37% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved swine meat imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of preserved swine meat imports to Ireland, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved hams and cuts of swine meat to Ireland, comprising 45% of total imports. The second position in the ranking was taken by the UK ($X), with a 22% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-13.2% per year) and Italy (+12.9% per year).

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the import price, however, showed a mild descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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