Italy: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Italy

In 2020, the Italian preserved belly cut market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a slight decrease. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Preserved Belly Cut Production in Italy

In value terms, preserved belly cut production shrank to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Italy

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, exports showed a noticeable decrease. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2019, and then reduced dramatically in the following year.

In value terms, preserved belly cut exports reduced remarkably to $X in 2020. Over the period under review, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then reduced notably in the following year.

Exports by Country

France (X tons) was the main destination for preserved belly cut exports from Italy, with a X% share of total exports. Moreover, preserved belly cut exports to France exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. The third position in this ranking was occupied by Croatia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Croatia (+X% per year).

In value terms, France ($X) remains the key foreign market for preserved belly cut exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2007 to 2020, the average annual growth rate of value to France totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Brazil (+X% per year).

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports into Italy

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported into Italy declined remarkably to X tons, waning by -X% on the previous year. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports contracted markedly to $X in 2020. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of preserved belly cut to Italy, accounting for a X% share of total imports. Moreover, preserved belly cut imports from Spain exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and the Netherlands (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of preserved belly cut to Italy, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Romania (+X% per year).

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a resilient increase. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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