Sweden: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Sweden

The Swedish preserved belly cut market soared to $X in 2020, surging by X% against the previous year. In general, consumption continues to indicate a buoyant expansion. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Preserved belly cut consumption peaked in 2020 and is likely to see gradual growth in years to come.

Preserved Belly Cut Production in Sweden

In value terms, preserved belly cut production soared to $X in 2020 estimated in export prices. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Preserved belly cut production peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Belly Cut Exports

Exports from Sweden

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved belly cut exports skyrocketed to $X in 2020. In general, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for preserved belly cut exports from Sweden, accounting for a X% share of total exports. Moreover, preserved belly cut exports to Norway exceeded the volume sent to the second major destination, Italy (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Norway totaled -X%.

In value terms, the largest markets for preserved belly cut exported from Sweden were Norway ($X) and Italy ($X terms of the main countries of destination, Italy recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy.

Preserved Belly Cut Imports

Imports into Sweden

In 2020, overseas purchases of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports rose to $X in 2020. Overall, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Denmark (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of preserved belly cut imports to Sweden, with a combined X% share of total imports. Spain and Finland lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Finland, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X), Italy ($X) and Germany ($X) constituted the largest preserved belly cut suppliers to Sweden, with a combined X% share of total imports. These countries were followed by Spain and Finland, which together accounted for a further X terms of the main suppliers, Finland recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, import price indicated mild growth 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 belly cut import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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