Portugal: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Portugal

After four years of growth, the Portuguese preserved belly cut market decreased by -X% to $X in 2020. In general, consumption, however, showed a remarkable increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2019, and then declined in the following year.

Preserved Belly Cut Production in Portugal

In value terms, preserved belly cut production fell to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Preserved belly cut production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Preserved Belly Cut Exports

Exports from Portugal

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, preserved belly cut exports rose remarkably to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Angola (X tons), France (X tons) and Belgium (X tons) were the main destinations of preserved belly cut exports from Portugal, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Angola ($X) appeared to be the largest markets for preserved belly cut exported from Portugal worldwide, together comprising X% of total exports. Belgium, the UK, Luxembourg, China and South Korea lagged somewhat behind, together accounting for a further X saw the highest growth rate of 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

The average preserved belly cut export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

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

Preserved Belly Cut Imports

Imports into Portugal

For the fifth consecutive year, Portugal recorded growth in purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), which increased by X% to X tons in 2020. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, preserved belly cut imports totaled $X in 2020. In general, imports showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Spain (X tons) was the main preserved belly cut supplier to Portugal, accounting for a approx. X% share of total imports.

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

In value terms, Spain ($X) constituted the largest supplier of preserved belly cut to Portugal.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain amounted to +X%.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform

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