Sweden: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Sweden

For the third consecutive year, the Swedish preserved swine belly market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Preserved swine belly consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in Sweden

In value terms, preserved swine belly production reduced remarkably to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Preserved Swine Belly Exports

Exports from Sweden

In 2020, overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons for the first time since 2016, thus ending a three-year declining trend. In general, exports recorded a temperate increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine belly exports surged to $X in 2020. Overall, exports saw buoyant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for preserved swine belly exports from Sweden, with a X% share of total exports. Moreover, preserved swine belly exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. Ireland (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 Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Ireland (+X% per year).

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

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

Export Prices by Country

In 2020, the average preserved swine belly export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. 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 2015 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ireland, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Sweden

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) imported into Sweden reduced markedly to X tons, falling by -X% on the year before. Overall, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, preserved swine belly imports fell significantly to $X in 2020. Over the period under review, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tons) constituted the largest preserved swine belly supplier to Sweden, with a X% share of total imports. Moreover, preserved swine belly imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2007 to 2020, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+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, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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