Spain: Pork Market 2024

Pork Market Size in Spain

In 2022, the Spanish pork market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Pork consumption peaked in 2022 and is expected to retain growth in the near future.

Pork Production in Spain

In value terms, pork production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15% against the previous year. Pork production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of pork in Spain was estimated at X kg per head in 2022, leveling off at 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 2.7%. The pork yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for pork production in Spain; declining by -1.9% against the previous year's figure. This number increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by 7%. Over the period under review, this number attained the peak level at X heads in 2021, and then declined slightly in the following year.

Pork Exports

Exports from Spain

After eight years of growth, shipments abroad of pork decreased by -10.2% to X tons in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, pork exports fell to $X in 2022. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 27%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

China (X tons) was the main destination for pork exports from Spain, with a 20% share of total exports. Moreover, pork exports to China exceeded the volume sent to the second major destination, Italy (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.9% per year) and Japan (+21.4% per year).

In value terms, the largest markets for pork exported from Spain were China ($X), Japan ($X) and France ($X), with a combined 39% share of total exports. Italy, South Korea, Portugal, Romania, Poland, the Philippines, the Czech Republic, the UK, Hungary and Bulgaria lagged somewhat behind, together comprising a further 43%.

The Philippines, with a CAGR of +46.3%, 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

In 2022, the average pork export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 13%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Spain

Pork imports into Spain fell to X tons in 2022, which is down by -11.1% on the year before. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, pork imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of pork imports to Spain, together accounting for 53% of total imports. Portugal, Italy, Poland, Denmark, Hungary and Belgium lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +39.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pork suppliers to Spain were Germany ($X), France ($X) and Portugal ($X), together accounting for 54% of total imports. The Netherlands, Poland, Denmark, Italy, Hungary and Belgium lagged somewhat behind, together comprising a further 41%.

Poland, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, surging by 11% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Italy ($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 (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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