United Kingdom: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in the UK

In 2021, the UK preserved swine meat market decreased by -1.3% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a pronounced reduction. The pace of growth was the most pronounced in 2017 when the market value increased by 7.6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Preserved Swine Meat Production in the UK

In value terms, preserved swine meat production reached $X in 2021 estimated in export price. Over the period under review, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Swine Meat Exports

Exports from the UK

In 2021, approx. X tons of prepared or preserved hams and cuts of swine meat were exported from the UK; with a decrease of -46.9% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 5.8%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved swine meat exports dropped notably to $X in 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 18%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for preserved swine meat exports from the UK, accounting for a 55% share of total exports. Moreover, preserved swine meat exports to Ireland exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by France (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+17.1% per year) and France (+26.2% per year).

In value terms, Ireland ($X) remains the key foreign market for prepared or preserved hams and cuts of swine meat exports from the UK, comprising 50% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Hong Kong SAR, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+13.0% per year) and Hong Kong SAR (+5.5% per year).

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, picking up by 28% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports

Imports into the UK

In 2021, purchases abroad of prepared or preserved hams and cuts of swine meat decreased by -6.8% to X tons, falling for the third consecutive year after three years of growth. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 6%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat imports rose remarkably to $X in 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest preserved swine meat supplier to the UK, accounting for a 51% share of total imports. Moreover, preserved swine meat imports from Poland exceeded the figures recorded by the second-largest supplier, Ireland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-5.1% per year) and Germany (-8.8% per year).

In value terms, Ireland ($X), Poland ($X) and Germany ($X) were the largest preserved swine meat suppliers to the UK, with a combined 78% share of total imports. These countries were followed by Italy, Belgium, France, Denmark and the Netherlands, which together accounted for a further 21%.

In terms of the main suppliers, Belgium, with a CAGR of +9.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved swine meat import price amounted to $X per ton, rising by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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