United Kingdom - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in the UK - 2023
Contents:
- Bacon and Ham Price in the UK (CIF) - 2023
- Bacon and Ham Price in the UK (FOB) - 2023
- Bacon and Ham Imports in the UK
- Bacon and Ham Exports in the UK
Bacon and Ham Price in the UK (CIF) - 2023
The average bacon and ham import price stood at $4,909 per ton in June 2023, approximately mirroring the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in November 2022 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs at $4,921 per ton in May 2023, and then reduced slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($16,200 per ton), while the price for Denmark ($3,944 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bacon and Ham Price in the UK (FOB) - 2023
In June 2023, the average bacon and ham export price amounted to $4,333 per ton, almost unchanged from the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in July 2022 when the average export price increased by 14% month-to-month. The export price peaked at $4,369 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Ireland ($5,054 per ton), while the average price for exports to Denmark ($1,225 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Imports in the UK
In 2022, approx. 202K tons of bacon, ham and other dried, salted or smoked pig meat were imported into the UK; picking up by 13% against the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham imports rose remarkably to $740M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bacon and Ham in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 286 | 264 | 261 | 333 | 5.2% |
| Denmark | 160 | 160 | 168 | 169 | 1.8% |
| Italy | 84.6 | 82.3 | 92.7 | 118 | 11.7% |
| Ireland | 89.9 | 86.1 | 75.7 | 47.1 | -19.4% |
| Germany | 73.2 | 47.6 | 31.5 | 28.6 | -26.9% |
| Others | 28.0 | 34.8 | 45.2 | 44.8 | 17.0% |
| Total | 721 | 675 | 674 | 740 | 0.9% |
Top Suppliers of Bacon and Ham to the UK in 2022:
- Netherlands (111.7K tons)
- Denmark (57.2K tons)
- Ireland (10.1K tons)
- Italy (9.1K tons)
- Germany (8.5K tons)
Bacon and Ham Exports in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of bacon, ham and other dried, salted or smoked pig meat, when their volume increased by 62% to 17K tons. In general, exports, however, continue to indicate a perceptible downturn.
In value terms, bacon and ham exports soared to $59M in 2022. Over the period under review, exports, however, recorded a deep downturn.
| Export of Bacon and Ham in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 53.8 | 48.5 | 34.6 | 21.1 | -26.8% |
| France | 7.1 | 4.5 | 3.7 | 5.6 | -7.6% |
| Spain | 7.4 | 4.3 | 2.0 | 0.8 | -52.4% |
| Netherlands | 3.8 | 0.6 | 0.3 | 0.5 | -49.1% |
| Denmark | 1.0 | 0.2 | 0.1 | 0.3 | -33.1% |
| Germany | 3.6 | 0.1 | 0.6 | 0.2 | -61.8% |
| Poland | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Others | 8.0 | 5.7 | 3.0 | 30.2 | 55.7% |
| Total | 84.8 | 64.1 | 44.2 | 58.9 | -11.4% |
Top Export Markets for Bacon and Ham from the UK in 2022:
- Germany (undefinedK tons)
- Ireland (5.1K tons)
- France (2.5K tons)
- Netherlands (0.3K tons)
- Spain (0.2K tons)
- Denmark (0.1K tons)
- Poland (0.1K tons)
This report provides an in-depth analysis of the bacon and ham market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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