Norway: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Norway

In 2020, the Norwegian preserved swine belly market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, the total consumption indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Preserved swine belly consumption peaked in 2020 and is likely to see steady growth in years to come.

Preserved Swine Belly Production in Norway

In value terms, preserved swine belly production expanded remarkably to $X in 2020 estimated in export prices. Over the period under review, the total production indicated strong growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2011 to 2020, production growth remained at a somewhat lower figure.

Preserved Swine Belly Exports

Exports from Norway

In 2020, overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the sixth year in a row after five years of decline. In general, exports, however, faced a deep reduction. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, preserved swine belly exports surged to $X in 2020. Over the period under review, exports, however, faced a deep downturn. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Estonia (X tons) was the main destination for preserved swine belly exports from Norway, accounting for a X% share of total exports. It was followed by Uruguay (X kg), with a X% share of total exports.

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

In value terms, Estonia ($X) emerged as the key foreign market for preserved swine belly exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total exports.

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

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly export price decreased by -X% against 2011 indices. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Uruguay ($X per ton), while the average price for exports to Estonia ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Norway

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, preserved swine belly imports surged to $X in 2020. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Sweden (X tons) constituted the largest preserved swine belly supplier to Norway, accounting for a X% share of total imports. Moreover, preserved swine belly imports from Sweden exceeded the figures recorded by the second-largest supplier, Denmark (X tons), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Sweden stood at +X%.

In value terms, Sweden ($X) constituted the largest supplier of preserved swine belly to Norway, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Sweden totaled +X%.

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the average import price increased by X% against the previous year. 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.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Sweden ($X per ton), while the price for Denmark totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden.

Source: IndexBox Platform

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