United Kingdom: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in the UK

In 2021, the UK preserved swine meat cut market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in the UK

In value terms, preserved swine meat cut production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 867% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from the UK

In 2021, shipments abroad of prepared or preserved shoulders and cuts of swine meat decreased by -87.6% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 128%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat cut exports dropped dramatically to $X in 2021. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 103% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for preserved swine meat cut exports from the UK, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ireland amounted to -25.1%.

In value terms, Ireland ($X) also remains the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from the UK.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland stood at -24.2%.

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, which is down by -15.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2012 to 2021, the rate of growth in terms of prices for Ireland amounted to +1.2% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into the UK

In 2021, preserved swine meat cut imports into the UK contracted slightly to X tons, remaining relatively unchanged against 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 119%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preserved swine meat cut imports dropped slightly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 126%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ireland (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of preserved swine meat cut imports to the UK, with a combined 85% share of total imports. These countries were followed by Denmark, Romania, Spain, France, Italy, Belgium and the Netherlands, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +100.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to the UK, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Poland, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Ireland amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.7% per year) and Poland (+26.2% per year).

Import Prices by Country

In 2021, the average preserved swine meat cut import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a slight slump. The growth pace was the most rapid in 2019 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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