Sausage Price in Germany Peaks at $6,188 per Ton

Germany Sausage Export Price in November 2022

In November 2022, the sausage price stood at $6,188 per ton (FOB, Germany), growing by 1.7% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in July 2022 an increase of 11% against the previous month. Over the period under review, the average export prices hit record highs in November 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($11,094 per ton), while the average price for exports to France ($5,162 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Germany Sausage Exports

Sausage exports from Germany reduced to 12K tons in November 2022, shrinking by -7.9% compared with the month before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 with an increase of 49% against the previous month. The exports peaked at 15K tons in June 2022; however, from July 2022 to November 2022, the exports remained at a lower figure.

In value terms, sausage exports fell to $73M (IndexBox estimates) in November 2022. The total export value increased at an average monthly rate of +2.5% over the period from January 2022 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in August 2022 when exports increased by 38% m-o-m. The exports peaked at 86K tons in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.

Germany Sausage Exports by Country

The UK (2.9K tons), France (2.4K tons) and the Netherlands (1.2K tons) were the main destinations of sausage exports from Germany, together accounting for 56% of total exports.

From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +3.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sausage exported from Germany were the UK ($19M), France ($13M) and the Netherlands ($7.9M), with a combined 54% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +4.0%, 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.

Sausage Market Overview

In recent years, the price of sausage in Germany has been on the rise due to rising inflation, energy costs, and changes in consumer preferences. Production costs have also increased, putting pressure on manufacturers to raise prices. While some consumers have switched to cheaper alternatives, such as chicken or turkey sausage, others are simply buying less sausage overall. As a result of these trends, the German sausage market is expected to remain under pressure in the coming years. Looking forward, the price of sausage is expected to continue rising due to continued inflationary pressures and the deceleration of economic growth.

Source: IndexBox Market Intelligence Platform