EU: Bacon And Ham Market 2024

Bacon And Ham Market Size in the EU

The EU bacon and ham market skyrocketed to $X in 2023, surging by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Bacon And Ham Production in the EU

In value terms, bacon and ham production soared to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Bacon And Ham Exports

Exports in the EU

In 2023, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, bacon and ham exports soared to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, the Netherlands (X tons), distantly followed by Italy (X tons), Spain (X tons), Denmark (X tons) and Germany (X tons) were the major exporters of bacon, ham and other dried, salted or smoked pig meat, together making up X% of total exports. Belgium (X tons), Ireland (X tons) and Austria (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham supplying countries in the European Union were Italy ($X), Spain ($X) and the Netherlands ($X), with a combined X% share of total exports. Germany, Denmark, Belgium, Austria and Ireland lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Bacon And Ham Imports

Imports in the EU

In 2023, bacon and ham imports in the European Union shrank modestly to X tons, waning by X% compared with 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then reduced slightly in the following year.

In value terms, bacon and ham imports surged to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X tons), distantly followed by Ireland (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons), Denmark (X tons), Belgium (X tons) and Portugal (X tons) represented the main importers of bacon, ham and other dried, salted or smoked pig meat, together committing X% of total imports. The following importers - Sweden (X tons), Austria (X tons), Spain (X tons), Romania (X tons) and Poland (X tons) - together made up X% of total imports.

Imports into France increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Spain (X%), Poland (X%), the Netherlands (X%), Austria (X%), Portugal (X%), Ireland (X%), Sweden (X%), Denmark (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Italy and Germany experienced a relatively flat trend pattern. The Netherlands (X p.p.), Spain (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Denmark, Italy and Germany saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Netherlands, Italy, Denmark, Ireland, Portugal, Austria, Poland, Sweden, Spain and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform