Spain: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

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

In 2022, the Spanish market for frozen pig meat other than cuts or carcases increased by 65% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of frozen pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. Over the period under review, production of reached the peak level at $X in 2021, and then dropped in the following year.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Spain

In 2022, after four years of growth, there was significant decline in overseas shipments of frozen pig meat other than cuts or carcases, when their volume decreased by -15.7% to X tons. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then reduced notably in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases reduced sharply to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 41%. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Spain, together accounting for 57% of total exports. The Philippines, France, Italy, Taiwan (Chinese), Serbia, Portugal and Poland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the largest markets for frozen pig meat other than cuts or carcases exported from Spain worldwide, with a combined 61% share of total exports. The Philippines, Taiwan (Chinese), France, Italy, Serbia, Portugal and Poland lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +46.0%, saw the highest growth rate of the value of exports, 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 -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Italy ($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 (+4.2%), 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 Spain

In 2022, the amount of frozen pig meat other than cuts or carcases imported into Spain stood at X tons, increasing by 3.2% against 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of frozen pig meat other than cuts or carcases skyrocketed to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +111.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Spain, together accounting for 63% of total imports. Italy, Portugal, Poland, the Netherlands, Belgium and Hungary lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to Spain were France ($X), Germany ($X) and Denmark ($X), with a combined 64% share of total imports. Portugal, Italy, Poland, the Netherlands, Hungary and Belgium lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +25.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 when the average import price increased by 27%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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