Sweden: Bacon And Ham Market 2024

Bacon And Ham Market Size in Sweden

The Swedish bacon and ham market surged to $X in 2022, rising by 22% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Production in Sweden

In value terms, bacon and ham production rose markedly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the immediate term.

Bacon And Ham Exports

Exports from Sweden

In 2022, overseas shipments of bacon, ham and other dried, salted or smoked pig meat were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2018 when exports increased by 135% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bacon and ham exports expanded slightly to $X in 2022. Over the period under review, exports continue to indicate notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 279% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of bacon and ham exports from Sweden, together comprising 71% of total exports. French Polynesia, France, the Netherlands, Liberia, New Caledonia and Italy lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +99.5%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Sweden, comprising 45% of total exports. The second position in the ranking was taken by Finland ($X), with a 19% share of total exports. It was followed by Denmark, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.5% per year) and Denmark (-1.0% per year).

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, which is down by -29.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Italy ($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 Ireland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Sweden

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a perceptible reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports expanded slightly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Denmark (X tons) and Italy (X tons) were the main suppliers of bacon and ham imports to Sweden, with a combined 79% share of total imports. Spain, Poland and Austria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Sweden, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Denmark, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.0% per year) and Denmark (+6.1% per year).

Import Prices by Country

In 2022, the average bacon and ham import price amounted to $X per ton, which is down by -11.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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