United Kingdom: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in the UK

The UK preserved swine belly market contracted to $X in 2020, declining by -X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Preserved swine belly consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Preserved Swine Belly Production in the UK

In value terms, preserved swine belly production contracted modestly to $X in 2020 estimated in export prices. Overall, production showed a mild downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Preserved swine belly production peaked at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Preserved Swine Belly Exports

Exports from the UK

After three years of decline, shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons in 2020. In general, exports enjoyed strong growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine belly exports soared to $X in 2020. Over the period under review, exports saw a buoyant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons), France (X tons) and Spain (X tons) were the main destinations of preserved swine belly exports from the UK, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France, while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Spain (+X% per year).

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Ireland ($X per ton), while the average price for exports to Spain ($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 France, while the prices for the other major destinations experienced a decline.

Preserved Swine Belly Imports

Imports into the UK

In 2020, overseas purchases of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third year in a row after eight years of growth. In general, total imports indicated pronounced growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports expanded slightly to $X in 2020. Overall, total imports indicated a mild increase from 2007 to 2020: its value 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, imports decreased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

Ireland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of preserved swine belly imports to the UK, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Ireland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved swine belly suppliers to the UK were Ireland ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main suppliers, Ireland recorded the highest rates of growth with regard to 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

In 2020, the average preserved swine belly import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2007; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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