Portugal: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Portugal

In 2021, the Portuguese preserved swine meat cut market increased by 1.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Preserved swine meat cut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Portugal

In value terms, preserved swine meat cut production reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 8%. Preserved swine meat cut production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Portugal

For the third consecutive year, Portugal recorded decline in shipments abroad of prepared or preserved shoulders and cuts of swine meat, which decreased by -2% to X tons in 2021. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 55% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat cut exports amounted to $X in 2021. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 38%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X tons), Cabo Verde (X tons) and Sao Tome and Principe (X tons) were the main destinations of preserved swine meat cut exports from Portugal, with a combined 69% share of total exports. France, Mozambique, Belgium and Cuba lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Cuba (with a CAGR of +231.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Portugal, comprising 37% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with an 18% share of total exports. It was followed by Sao Tome and Principe, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Angola amounted to -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+3.8% per year) and Sao Tome and Principe (+33.7% per year).

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, rising by 2.5% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Portugal

In 2021, overseas purchases of prepared or preserved shoulders and cuts of swine meat decreased by -20.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 6.9%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat cut imports fell dramatically to $X in 2021. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 14%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main preserved swine meat cut supplier to Portugal, accounting for a 99% share of total imports. It was followed by Germany (X kg), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -3.4%.

In value terms, Spain ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Portugal, comprising 99% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -1.8%.

Import Prices by Country

In 2021, the average preserved swine meat cut import price amounted to $X per ton, rising by 6.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.7%).

Source: IndexBox Platform

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