Portugal: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Portugal

In 2020, the Portuguese preserved swine belly market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated a pronounced expansion 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 decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Preserved swine belly consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in Portugal

In value terms, preserved swine belly production declined dramatically to $X in 2020 estimated in export prices. In general, the total production indicated slight growth from 2007 to 2020: its value 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, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Preserved swine belly production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Preserved Swine Belly Exports

Exports from Portugal

In 2020, approx. X tons of bellies and cuts of swine (salted, in brine, dried or smoked) were exported from Portugal; shrinking by -X% on the year before. Overall, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports reduced modestly to $X in 2020. In general, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons), Angola (X tons) and Cabo Verde (X tons) were the main destinations of preserved swine belly exports from Portugal, with a combined X% share of total exports. France, the Netherlands, Brazil and the UK lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands, while exports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and France ($X) were the largest markets for preserved swine belly exported from Portugal worldwide, with a combined X% share of total exports. These countries were followed by Cabo Verde, Brazil, the UK and the Netherlands, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of 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 2020, the average preserved swine belly export price amounted to $X per ton, rising by 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 2017 an increase of X% y-o-y. The export price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($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 Spain, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Portugal

After four years of growth, supplies from abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons in 2020. Overall, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports skyrocketed to $X in 2020. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (+X% per year).

In value terms, the largest preserved swine belly suppliers to Portugal were Spain ($X), Germany ($X) and France ($X), with a combined X% share of total imports.

France recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, 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%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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