Italy: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Italy

The Italian preserved swine meat market rose remarkably to $X in 2021, growing by 5.7% against the previous year. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; 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 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Swine Meat Production in Italy

In value terms, preserved swine meat production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Preserved swine meat production peaked in 2021 and is likely to continue growth in the near future.

Preserved Swine Meat Exports

Exports from Italy

In 2021, shipments abroad of prepared or preserved hams and cuts of swine meat was finally on the rise to reach X tons after three years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 45% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved swine meat exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main destinations of preserved swine meat exports from Italy, with a combined 54% share of total exports. These countries were followed by Spain, Austria, the United States, Poland, Bulgaria, Belgium, Romania, Denmark, the Czech Republic and Slovenia, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +35.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved swine meat exported from Italy were France ($X), Germany ($X) and the UK ($X), together comprising 59% of total exports. These countries were followed by Austria, the United States, Spain, Belgium, Poland, Denmark, Romania, the Czech Republic, Bulgaria and Slovenia, which together accounted for a further 27%.

In terms of the main countries of destination, Poland, with a CAGR of +28.7%, saw 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 2021, the average preserved swine meat export price amounted to $X per ton, dropping by -4.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports

Imports into Italy

In 2021, overseas purchases of prepared or preserved hams and cuts of swine meat increased by 2.2% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 15%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat imports dropped to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest preserved swine meat supplier to Italy, with a 50% share of total imports. Moreover, preserved swine meat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Hungary (+19.4% per year).

In value terms, Poland ($X), Germany ($X) and Hungary ($X) appeared to be the largest preserved swine meat suppliers to Italy, with a combined 76% share of total imports. Austria, Spain, the Netherlands, France and Belgium lagged somewhat behind, together accounting for a further 23%.

The Netherlands, with a CAGR of +40.7%, recorded 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

The average preserved swine meat import price stood at $X per ton in 2021, declining by -7% against the previous year. Overall, the import price saw a mild descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.3%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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