Overview of the Global Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

The global market for fresh or chilled pig meat other than cuts or carcases amounted to $X in 2022, surging by 2.3% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.4% against 2012 indices. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

In value terms, production of fresh or chilled pig meat other than cuts or carcases stood at $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases was China (X tons), comprising approx. 26% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Russia (X tons) ranked third in terms of total production with a 5.2% share.

In China, production of fresh or chilled pig meat other than cuts or carcases increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+9.2% per year) and Russia (+4.7% per year).

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports

In 2022, overseas shipments of fresh or chilled pig meat other than cuts or carcases increased by 2.1% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 8.9% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases reached $X in 2022. Over the period under review, exports showed a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, the global exports of reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Germany (X tons), Spain (X tons), Canada (X tons) and the United States (X tons), together accounting for 66% of total export. It was distantly followed by the Netherlands (X tons) and Denmark (X tons), together constituting a 13% share of total exports. France (X tons), Belgium (X tons), Poland (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of +8.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 55% of global exports. Canada, the Netherlands, Denmark, Belgium, Poland, France and Hungary lagged somewhat behind, together comprising a further 37%.

Among the main exporting countries, Hungary, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, with an increase of 2.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 8.4%. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.4%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports

In 2022, purchases abroad of fresh or chilled pig meat other than cuts or carcases increased by 4.3% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6.1% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases rose notably to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 12% against the previous year. Over the period under review, global imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Japan (X tons), followed by Poland (X tons), the United States (X tons), Italy (X tons), Germany (X tons), the UK (X tons), the Czech Republic (X tons), France (X tons) and Romania (X tons) represented the key importers of fresh or chilled pig meat other than cuts or carcases, together constituting 63% of total imports. The Netherlands (X tons), Greece (X tons), Mexico (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +15.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases worldwide, comprising 18% of global imports. The second position in the ranking was taken by the United States ($X), with a 7.9% share of global imports. It was followed by Poland, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: the United States (+5.1% per year) and Poland (+2.3% per year).

Import Prices by Country

The average import price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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