Norway: Bacon And Ham Market 2024

Bacon And Ham Market Size in Norway

The Norwegian bacon and ham market rose rapidly to $X in 2022, growing by 13% against the previous year. Over the period under review, consumption, however, showed a pronounced slump. Bacon and ham consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Bacon And Ham Production in Norway

In value terms, bacon and ham production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Bacon And Ham Exports

Exports from Norway

In 2022, exports of bacon, ham and other dried, salted or smoked pig meat from Norway dropped rapidly to X tons, which is down by -15.3% compared with 2021. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bacon and ham exports reached $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 83% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for bacon and ham exports from Norway, accounting for a 98% share of total exports. It was followed by Denmark (X tons), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-35.1% per year) and Italy (-52.1% per year).

In value terms, Spain ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Norway, comprising 98% of total exports. The second position in the ranking was held by Denmark ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-37.7% per year) and Italy (-52.5% per year).

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, with an increase of 19% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Denmark ($X per ton), while the average price for exports to Spain ($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 Italy (-0.9%), while the prices for the other major destinations experienced a decline.

Bacon And Ham Imports

Imports into Norway

In 2022, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -10.8% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, bacon and ham imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 61%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of bacon and ham imports to Norway, together accounting for 85% of total imports. These countries were followed by Sweden, which accounted for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +67.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham suppliers to Norway were Italy ($X), Denmark ($X) and Spain ($X), with a combined 85% share of total imports. Sweden lagged somewhat behind, comprising a further 13%.

In terms of the main suppliers, Sweden, with a CAGR of +61.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, picking up by 2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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