Italy: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Italy

In 2021, the Italian preserved swine meat cut market decreased by -15.3% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Italy

In value terms, preserved swine meat cut production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Italy

In 2021, shipments abroad of prepared or preserved shoulders and cuts of swine meat was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat cut exports skyrocketed to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), the UK (X tons) and Germany (X tons) were the main destinations of preserved swine meat cut exports from Italy, with a combined 46% share of total exports. These countries were followed by Canada, Croatia, the United States, Slovenia, Austria, Switzerland, Belgium, Spain and Luxembourg, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) appeared to be the largest markets for preserved swine meat cut exported from Italy worldwide, with a combined 53% share of total exports. These countries were followed by Canada, the United States, Switzerland, Croatia, Slovenia, Austria, Belgium, Spain and Luxembourg, which together accounted for a further 35%.

Switzerland, with a CAGR of +54.5%, saw the highest growth rate of the value of exports, among 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

In 2021, the average preserved swine meat cut export price amounted to $X per ton, surging by 9.9% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat cut export price increased by +67.1% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Croatia ($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 Germany (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Italy

In 2021, after six years of growth, there was significant decline in purchases abroad of prepared or preserved shoulders and cuts of swine meat, when their volume decreased by -16.4% to X tons. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 201% against the previous year. Imports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, preserved swine meat cut imports declined rapidly to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 124% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest preserved swine meat cut supplier to Italy, with a 70% share of total imports. Moreover, preserved swine meat cut imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+52.9% per year) and Spain (-6.1% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Italy, comprising 66% of total imports. The second position in the ranking was held by Austria ($X), with a 20% share of total imports. It was followed by Spain, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+48.2% per year) and Spain (-5.4% per year).

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, which is down by -15.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 22%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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