Italy: Bacon And Ham Market 2024

Bacon And Ham Market Size in Italy

In 2022, the Italian bacon and ham market increased by 10% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Bacon And Ham Production in Italy

In value terms, bacon and ham production fell slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Bacon And Ham Exports

Exports from Italy

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 2.2% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, bacon and ham exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of bacon and ham exports from Italy, with a combined 52% share of total exports. The UK, Austria, Belgium, Canada, the Netherlands, Croatia, Switzerland, Sweden, Spain and Japan lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bacon and ham exported from Italy were France ($X), the United States ($X) and Germany ($X), together accounting for 53% of total exports. The UK, Belgium, Austria, the Netherlands, Switzerland, Canada, Sweden, Croatia, Spain and Japan lagged somewhat behind, together comprising a further 33%.

Spain, with a CAGR of +14.4%, 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, shrinking by -6.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($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 Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Italy

In 2022, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat increased by 6% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Austria (X tons) were the main suppliers of bacon and ham imports to Italy, together comprising 79% of total imports. France, the Netherlands, Croatia and Belgium lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +147.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham suppliers to Italy were Spain ($X), Germany ($X) and Austria ($X), with a combined 82% share of total imports. France, the Netherlands, Croatia and Belgium lagged somewhat behind, together comprising a further 16%.

Croatia, with a CAGR of +135.7%, saw the highest rates of growth with regard to the value of imports, among 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 bacon and ham import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained 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 Austria ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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