United Kingdom: Preserved Belly Cut Market Overview 2021

Preserved Belly Cut Market Size in the UK

For the third consecutive year, the UK preserved belly cut market recorded growth in sales value, which increased by X% to $X in 2019. Overall, the total consumption indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Preserved Belly Cut Production in the UK

In value terms, preserved belly cut production rose modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a mild expansion 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, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Preserved belly cut production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Preserved Belly Cut Exports

Exports from the UK

Preserved belly cut exports from the UK skyrocketed to X tonnes in 2019, rising by X% compared with the previous year. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, preserved belly cut exports surged to $X in 2019. Overall, exports saw a tangible expansion. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for preserved belly cut exports from the UK, accounting for a X% share of total exports. Moreover, preserved belly cut exports to China exceeded the volume sent to the second major destination, Ireland (X tonnes), twofold. Hong Kong SAR (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Hong Kong SAR (+X% per year).

In value terms, China ($X), Ireland ($X) and the United Arab Emirates ($X) appeared to be the largest markets for preserved belly cut exported from the UK worldwide, with a combined X% share of total exports. These countries were followed by Hong Kong SAR, which accounted for a further X the main countries of destination, Hong Kong SAR 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 average preserved belly cut export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Preserved Belly Cut Imports

Imports into the UK

In 2019, imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) into the UK dropped to X tonnes, declining by -X% on the previous year's figure. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, preserved belly cut imports stood at $X in 2019. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), Italy (X tonnes) and Ireland (X tonnes) were the main suppliers of preserved belly cut imports to the UK, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved belly cut suppliers to the UK were Ireland ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports. Italy, the Netherlands, Poland and Belgium lagged somewhat behind, together accounting for a further X Netherlands recorded the highest rates of growth with regard to the value of imports, among 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, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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?

+

China (1.3M tonnes) constituted the country with the largest volume of preserved belly cut consumption, 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. The third position in this ranking was occupied by India (506K tonnes), 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?

+

The country with the largest volume of preserved belly cut production was China (1.3M tonnes), 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 the UK?

+

In value terms, the largest preserved belly cut suppliers to the UK were Ireland ($5.2M), Germany ($4.6M) and Spain ($4.2M), together comprising 67% of total imports. These countries were followed by Italy, the Netherlands, Poland and Belgium, which together accounted for a further 29%.

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

+

In value terms, China ($1M), Ireland ($947K) and the United Arab Emirates ($172K) were the largest markets for preserved belly cut exported from the UK worldwide, together accounting for 85% of total exports. These countries were followed by Hong Kong SAR, which accounted for a further 1.5%.

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

+

In 2019, the average preserved belly cut export price amounted to $3,323 per tonne, with an increase of 4.5% against the previous year.

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

+

The average preserved belly cut import price stood at $3,857 per tonne in 2019, increasing by 2.9% against the previous year.