Ireland: Preserved Belly Cut Market Overview 2021

Preserved Belly Cut Market Size in Ireland

In 2019, the Irish preserved belly cut market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, the total consumption indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Preserved belly cut consumption peaked in 2019 and is likely to continue growth in the near future.

Preserved Belly Cut Production in Ireland

In value terms, preserved belly cut production totaled $X in 2019 estimated in export prices. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Preserved belly cut production peaked in 2019 and is expected to retain growth in the near future.

Preserved Belly Cut Exports

Exports from Ireland

In 2019, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, preserved belly cut exports surged to $X in 2019. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tonnes) was the main destination for preserved belly cut exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK totaled +X%.

In value terms, the UK ($X) also remains the key foreign market for preserved belly cut exports from Ireland.

From 2007 to 2019, the average annual growth rate of value to the UK totaled +X%.

Export Prices by Country

The average preserved belly cut export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2019, the rate of growth in terms of prices for the UK amounted to +X% per year.

Preserved Belly Cut Imports

Imports into Ireland

In 2019, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, preserved belly cut imports rose notably to $X in 2019. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest preserved belly cut supplier to Ireland, with a X% share of total imports. Moreover, preserved belly cut imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fivefold. Spain (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Spain (+X% per year).

In value terms, the largest preserved belly cut suppliers to Ireland were the UK ($X), Italy ($X) and Spain ($X), together accounting for X% of total imports. Lithuania and Poland lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved belly cut import price stood at $X per tonne in 2019, growing by X% against the previous year. In general, import price indicated noticeable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, preserved belly cut import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the world?

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The country with the largest volume of preserved belly cut consumption was China (1.3M tonnes), accounting for 16% of total volume. Moreover, preserved belly cut consumption in China exceeded the figures recorded by the second-largest consumer, Italy (523K tonnes), twofold. India (506K tonnes) ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the world?

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China (1.3M tonnes) remains the largest preserved belly cut producing country worldwide, comprising approx. 16% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, Italy (527K tonnes), twofold. The third position in this ranking was occupied by India (506K tonnes), with a 6.2% share.

What are the leading suppliers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) to Ireland?

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In value terms, the largest preserved belly cut suppliers to Ireland were the UK ($1M), Italy ($605K) and Spain ($301K), together accounting for 85% of total imports. Lithuania and Poland lagged somewhat behind, together comprising a further 14%.

What are the leading importers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) from Ireland?

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In value terms, the UK ($5.2M) remains the key foreign market for preserved belly cut exports from Ireland.

What is the average export price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Ireland?

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The average preserved belly cut export price stood at $4,733 per tonne in 2019, growing by 5.5% against the previous year.

What is the average import price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Ireland?

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The average preserved belly cut import price stood at $7,016 per tonne in 2019, rising by 3.5% against the previous year.