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United Kingdom - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRecord-breaking: UK Bacon and Ham Surges 3% to $4,921/Ton
United Kingdom Bacon And Ham Import Price in May 2023
In May 2023, the bacon and ham price amounted to $4,921 per ton (CIF, United Kingdom), increasing by 2.8% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in November 2022 an increase of 12% against the previous month. Over the period under review, average import prices reached the maximum in May 2023.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Italy ($14,592 per ton), while the price for Denmark ($3,917 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
![United Kingdom Bacon And Ham Import Prices By Country (USD Per Ton)](/landing/img/charts/united-kingdom-bacon-and-ham-price-in-may-2023-840w.png)
COUNTRY | Import Price of Bacon And Ham in United Kingdom (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
Italy | 12,822 | 13,714 | 14,491 | 13,951 | 12,254 | 12,116 | 13,504 | 14,249 | 13,624 | 13,715 | 14,854 | 14,590 | 14,592 |
Ireland | 4,700 | 4,607 | 4,584 | 4,667 | 4,616 | 4,631 | 4,417 | 4,613 | 4,642 | 4,972 | 5,292 | 5,609 | 6,044 |
Germany | 3,743 | 3,150 | 3,570 | 3,600 | 3,730 | 3,808 | 5,915 | 6,231 | 3,931 | 6,808 | 8,990 | 4,703 | 5,149 |
Netherlands | 3,096 | 3,009 | 3,018 | 3,039 | 2,997 | 2,985 | 3,089 | 3,219 | 3,080 | 3,275 | 3,776 | 4,193 | 4,275 |
Denmark | 3,154 | 3,181 | 2,980 | 2,912 | 2,877 | 2,852 | 3,046 | 3,143 | 2,993 | 2,934 | 3,302 | 3,816 | 3,917 |
Average | 3,889 | 3,877 | 3,821 | 3,735 | 3,589 | 3,500 | 3,935 | 4,058 | 3,716 | 3,847 | 4,304 | 4,788 | 4,921 |
United Kingdom Bacon And Ham Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In May 2023, the product with the highest price was hams, shoulders and cuts of swine (salted, in brine, dried or smoked) ($9,971 per ton), while the price for pig meat other than hams or bellies (salted, in brine, dried or smoked) ($4,785 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by salted, dried, or smoked pig meat other than hams or bellies (+2.2%), while the prices for the other products experienced more modest paces of growth.
United Kingdom Bacon And Ham Imports
In May 2023, the amount of bacon, ham and other dried, salted or smoked pig meat imported into the UK expanded rapidly to 15K tons, increasing by 15% on the month before. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when imports increased by 22% against the previous month.
In value terms, bacon and ham imports skyrocketed to $76M (IndexBox estimates) in May 2023. The total import value increased at an average monthly rate of +1.6% over the period from May 2022 to May 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2023 with an increase of 36% m-o-m. Over the period under review, imports attained the peak figure in May 2023.
United Kingdom Bacon And Ham Imports by Type
In May 2023, pig meat other than hams or bellies (salted, in brine, dried or smoked) (14K tons) was the main type of bacon and ham supplied to the UK, accounting for a 93% share of total imports. Moreover, pig meat other than hams or bellies (salted, in brine, dried or smoked) exceeded the figures recorded for the second-largest type, swine bellies (salted, in brine, dried or smoked) (935 tons), more than tenfold.
From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of import of pig meat other than hams or bellies (salted, in brine, dried or smoked) was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: swine bellies (salted, in brine, dried or smoked) (-1.4% per month) and hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (-1.8% per month).
In value terms, pig meat other than hams or bellies (salted, in brine, dried or smoked) ($68M) constituted the largest type of bacon and ham supplied to the UK, comprising 91% of total imports. The second position in the ranking was taken by swine bellies (salted, in brine, dried or smoked) ($6M), with an 8% share of total imports.
United Kingdom Bacon And Ham Imports by Country
the Netherlands (8.6K tons), Denmark (4.6K tons) and Italy (747 tons) were the main suppliers of bacon and ham imports to the UK, with a combined 91% share of total imports.
From May 2022 to May 2023, the biggest increases were in Denmark (with a CAGR of +0.9%), while purchases for the other leaders experienced a decline.
In value terms, the Netherlands ($37M) constituted the largest supplier of bacon and ham to the UK, comprising 49% of total imports. The second position in the ranking was held by Denmark ($18M), with a 24% share of total imports. It was followed by Italy, with a 14% share.
From May 2022 to May 2023, the average monthly growth rate of value from the Netherlands stood at +2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Denmark (+2.8% per month) and Italy (-0.1% per month).
This report provides an in-depth analysis of the bacon and ham market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023