EU: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in the EU

For the fourth year in a row, the EU market for salted, dried or smoked meat, and offal recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Production of Salted, Dried or Smoked Meat, and Offal in the EU

In value terms, production of salted, dried or smoked meat, and offal rose modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs in 2023 and is likely to continue growth in the near future.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports in the EU

In 2023, shipments abroad of salted, dried or smoked meat, and offal decreased by less than X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal expanded notably to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands was the largest exporter of salted, dried or smoked meat, and offal in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2023. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%), Denmark (X%) and Germany (X%). Belgium (X tons) and France (X tons) held a little share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Belgium experienced a relatively flat trend pattern. By contrast, Denmark (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Italy, the Netherlands and Spain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), the Netherlands ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Spain, with a CAGR of X%, recorded the highest growth rate of 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, rising 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 France (X%), while the other leaders experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of salted, dried or smoked meat, and offal, which increased by X% to X tons in 2023. 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 being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, imports of salted, dried or smoked meat, and offal expanded rapidly 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 in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, the Netherlands (X tons) represented the main importer of salted, dried or smoked meat, and offal, constituting X% of total imports. France (X tons) held the second position in the ranking, followed by Germany (X tons), Spain (X tons), Ireland (X tons), Belgium (X tons) and Italy (X tons). All these countries together held near X% share of total imports. Denmark (X tons), Portugal (X tons), Sweden (X tons), the Czech Republic (X tons), Romania (X tons) and Austria (X tons) held a little share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Portugal (X%), Spain (X%), Ireland (X%), Belgium (X%), Austria (X%) and Sweden (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. Denmark and Germany experienced a relatively flat trend pattern. By contrast, Italy (X%), the Czech Republic (X%) and France (X%) illustrated a downward trend over the same period. Italy (X p.p.), Spain (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salted, dried or smoked meat, and offal importing markets in the European Union were the Netherlands ($X), France ($X) and Germany ($X), together comprising X% of total imports. Belgium, Italy, Spain, Denmark, Ireland, Portugal, Austria, Sweden, Romania and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while the Netherlands ($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