Global Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size

The global preserved belly cut market expanded to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the global market reached the maximum level in 2020 and is likely to continue growth in the immediate term.

Preserved Belly Cut Production

In value terms, preserved belly cut production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country

The country with the largest volume of preserved belly cut production was China (X tons), comprising approx. X% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tons), twofold. India (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China stood at +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and India (+X% per year).

Preserved Belly Cut Exports

Exports

In 2020, after seven years of growth, there was significant decline in shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global exports peaked at X tons in 2019, and then reduced in the following year.

In value terms, preserved belly cut exports declined to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, global exports reached the maximum at $X in 2019, and then reduced in the following year.

Exports by Country

The U.S. (X tons) and Spain (X tons) represented roughly X% of total exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in 2020. It was distantly followed by Canada (X tons) and Italy (X tons), together making up a X% share of total exports. Belgium (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, Spain ($X) remains the largest preserved belly cut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In Spain, preserved belly cut exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports

After two years of growth, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons in 2020. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Global imports peaked at X tons in 2019, and then reduced dramatically in the following year.

In value terms, preserved belly cut imports declined to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Global imports peaked at $X in 2019, and then declined in the following year.

Imports by Country

In 2020, Canada (X tons), distantly followed by France (X tons), the UK (X tons), Portugal (X tons) and Spain (X tons) represented the major importers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), together mixing up X% of total imports. The following importers - Belgium (X tons), Poland (X tons), the U.S. (X tons), Romania (X tons), Italy (X tons), Denmark (X tons), Germany (X tons) and the Netherlands (X tons) - together made up X% of total imports.

Imports into Canada increased at an average annual rate of +X% from 2007 to 2020. At the same time, Romania (+X%), Poland (+X%), Denmark (+X%), Portugal (+X%), the UK (+X%), Spain (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. By contrast, the Netherlands (-X%), Belgium (-X%), Germany (-X%), France (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.), Portugal (+X p.p.), Romania (+X p.p.), Poland (+X p.p.), the UK (+X p.p.), Spain (+X p.p.) and Denmark (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Germany (-X p.p.), Belgium (-X p.p.), Italy (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X), France ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of global imports. The UK, Germany, Belgium, Portugal, Poland, Italy, the Netherlands, Spain, Romania and Denmark lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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