Sweden: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Sweden

The Swedish frozen pork cut market declined slightly to $X in 2022, which is down by -3.5% against the previous year. Overall, consumption, however, posted a prominent increase. Frozen pork cut consumption peaked at $X in 2021, and then dropped slightly in the following year.

Frozen Pork Cut Production in Sweden

In value terms, frozen pork cut production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 102%. Frozen pork cut production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Pork Cut Exports

Exports from Sweden

In 2022, shipments abroad of frozen hams, shoulders and cuts of pig meat increased by 2.3% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 111% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork cut exports dropped dramatically to $X in 2022. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 210%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for frozen pork cut exports from Sweden, accounting for a 46% share of total exports. Moreover, frozen pork cut exports to New Zealand exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), fourfold. Latvia (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+4.3% per year) and Latvia (+102.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Sweden, comprising 64% of total exports. The second position in the ranking was held by Estonia ($X), with a 9.2% share of total exports. It was followed by Democratic Republic of the Congo, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-9.6% per year) and Democratic Republic of the Congo (+0.6% per year).

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, shrinking by -31.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 47%. The export price peaked at $X per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Poland ($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 Democratic Republic of the Congo (+2.1%), while the prices for the other major destinations experienced a decline.

Frozen Pork Cut Imports

Imports into Sweden

In 2022, frozen pork cut imports into Sweden contracted sharply to X tons, dropping by -67.2% compared with the year before. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 75% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen pork cut imports reduced remarkably to $X in 2022. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest frozen pork cut supplier to Sweden, accounting for a 67% share of total imports. Moreover, frozen pork cut imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-27.5% per year) and Spain (+8.6% per year).

In value terms, Germany ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Sweden, comprising 63% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports. It was followed by Denmark, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.7% per year) and Denmark (-24.6% per year).

Import Prices by Country

In 2022, the average frozen pork cut import price amounted to $X per ton, surging by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 21%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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