Portugal: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Portugal

The Portuguese market for frozen pig meat other than cuts or carcases contracted notably to $X in 2022, which is down by -18.7% against the previous year. Overall, consumption, however, posted modest growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Portugal

In value terms, production of frozen pig meat other than cuts or carcases dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded notable growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 95% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Portugal

In 2022, overseas shipments of frozen pig meat other than cuts or carcases decreased by -5.3% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 43%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2014 with an increase of 64%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Angola (X tons) and China (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Portugal, together comprising 63% of total exports. South Korea, Japan, France, Cabo Verde, Italy, Denmark, Cote d'Ivoire, Poland and Hong Kong SAR lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +91.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Portugal were Spain ($X), Angola ($X) and Japan ($X), together comprising 56% of total exports. China, South Korea, France, Cabo Verde, Denmark, Italy, Cote d'Ivoire, Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 31%.

South Korea, with a CAGR of +106.8%, saw the highest rates of growth with regard to 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

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, declining by -10.4% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cote d'Ivoire ($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 South Korea (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Portugal

In 2022, purchases abroad of frozen pig meat other than cuts or carcases increased by 8.8% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 15%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases expanded markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen pig meat other than cuts or carcases supplier to Portugal, with a 87% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.5% per year) and Germany (+2.5% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Portugal, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.1% share of total imports. It was followed by France, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and France (-3.7% per year).

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, surging by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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