Romania: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Romania

In 2020, the Romanian preserved swine belly market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a slight increase 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, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Preserved swine belly consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in Romania

In value terms, preserved swine belly production stood at $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a modest increase. The growth pace was the most rapid in 2010 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2011 to 2020, production growth remained at a somewhat lower figure.

Preserved Swine Belly Exports

Exports from Romania

In 2020, shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the sixth consecutive year after seven years of decline. Over the period under review, exports posted significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine belly exports soared to $X in 2020. In general, exports posted a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for preserved swine belly exports from Romania, accounting for a X% share of total exports. It was followed by Ireland (X tons), with a X% share of total exports. Moldova (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+X% per year) and Moldova (+X% per year).

In value terms, Italy ($X) remains the key foreign market for preserved swine belly exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Moldova ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+X% per year) and Ireland (+X% per year).

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, rising by X% against the previous year. In general, export price indicated a mild 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 increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Moldova ($X per ton) and Ireland ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced mixed trend patterns.

Preserved Swine Belly Imports

Imports into Romania

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports expanded slightly to $X in 2020. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of preserved swine belly to Romania, with a X% share of total imports. Moreover, preserved swine belly imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Poland (+X% per year).

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :