Spain: Bacon And Ham Market 2024

Bacon And Ham Market Size in Spain

In 2022, the Spanish bacon and ham market increased by 67% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Production in Spain

In value terms, bacon and ham production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Exports

Exports from Spain

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -0.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, bacon and ham exports dropped slightly to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 22%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Portugal (X tons) were the main destinations of bacon and ham exports from Spain, together comprising 47% of total exports. Italy, the Netherlands, the United States, China, Mexico, Belgium, Sweden, Japan, the UK and Denmark lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +33.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Portugal ($X) appeared to be the largest markets for bacon and ham exported from Spain worldwide, with a combined 42% share of total exports. Italy, China, the United States, the UK, Mexico, the Netherlands, Belgium, Japan, Denmark and Sweden lagged somewhat behind, together comprising a further 38%.

China, with a CAGR of +35.3%, recorded 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

The average bacon and ham export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 the UK (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Spain

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat decreased by -8.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 77%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, bacon and ham imports declined to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 46%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Germany (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of bacon and ham imports to Spain, together accounting for 67% of total imports. Poland, the Netherlands, France, the UK and Denmark lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham suppliers to Spain were Italy ($X), Germany ($X) and Portugal ($X), together comprising 68% of total imports. Poland, the Netherlands, the UK, France and Denmark lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Poland, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, which is down by -3.3% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 9.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($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 UK (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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