United Kingdom - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in the UK - 2023
Contents:
- Pork Price in the UK (CIF) - 2023
- Pork Price in the UK (FOB) - 2023
- Pork Imports in the UK
- Pork Exports in the UK
Pork Price in the UK (CIF) - 2023
The average pork import price stood at $3,898 per ton in August 2023, declining by -2.5% against the previous month. Overall, import price indicated a temperate increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, pork import price increased by +45.1% against September 2022 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 13% m-o-m. Over the period under review, average import prices attained the maximum at $3,998 per ton in July 2023, and then reduced slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Spain ($4,303 per ton) and Germany ($4,085 per ton), while the price for France ($3,510 per ton) and Denmark ($3,633 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pork Price in the UK (FOB) - 2023
In August 2023, the average pork export price amounted to $2,728 per ton, waning by -3.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 7.7% month-to-month. Over the period under review, the average export prices reached the maximum at $2,895 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,289 per ton), while the average price for exports to China ($2,051 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pork Imports in the UK
In 2022, the amount of pork imported into the UK dropped slightly to 321K tons, falling by -4.3% against 2021 figures. Overall, imports faced a abrupt shrinkage.
In value terms, pork imports shrank to $875M in 2022. Over the period under review, imports recorded a deep slump. The smallest decline of -5.7% was in 2020.
| Import of Pork in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 272 | 294 | 288 | 231 | -5.3% |
| Denmark | 333 | 324 | 250 | 193 | -16.6% |
| Spain | 117 | 91.6 | 84.2 | 152 | 9.1% |
| Netherlands | 111 | 90.8 | 90.6 | 86.3 | -8.0% |
| Belgium | 89.7 | 66.2 | 71.2 | 75.2 | -5.7% |
| France | 55.9 | 54.0 | 52.0 | 52.7 | -1.9% |
| Ireland | 141 | 133 | 58.3 | 44.1 | -32.1% |
| Others | 94.4 | 92.5 | 61.6 | 41.2 | -24.1% |
| Total | 1,215 | 1,146 | 956 | 875 | -10.4% |
Top Suppliers of Pork to the UK in 2022:
- Denmark (84.0K tons)
- Germany (81.6K tons)
- Spain (50.4K tons)
- Netherlands (33.6K tons)
- Belgium (23.6K tons)
- France (20.8K tons)
- Ireland (14.8K tons)
Pork Exports in the UK
In 2022, overseas shipments of pork decreased by -1.1% to 192K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 5.8% against the previous year. As a result, the exports reached the peak of 257K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pork exports contracted to $412M in 2022. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 8.4%. As a result, the exports attained the peak of $542M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Pork in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 162 | 258 | 202 | 117 | -10.3% |
| Philippines | 5.1 | 4.0 | 30.6 | 34.8 | 89.7% |
| France | 8.1 | 8.8 | 20.7 | 32.5 | 58.9% |
| United States | 41.1 | 24.6 | 30.8 | 32.2 | -7.8% |
| Ireland | 118 | 102 | 70.0 | 26.0 | -39.6% |
| Germany | 52.5 | 42.9 | 23.0 | 25.6 | -21.3% |
| Poland | 8.0 | 9.8 | 6.0 | 19.5 | 34.6% |
| Netherlands | 17.7 | 14.9 | 8.6 | 7.5 | -24.9% |
| Denmark | 18.7 | 17.6 | 7.7 | 6.9 | -28.3% |
| South Africa | 2.6 | 3.1 | 8.7 | 6.6 | 36.4% |
| Dominican Republic | 0.3 | 0.2 | 0.1 | 3.8 | 133.1% |
| Hong Kong SAR | 8.4 | 9.0 | 13.8 | 3.0 | -29.1% |
| Belgium | 8.7 | 5.9 | 2.3 | 1.8 | -40.9% |
| Others | 48.5 | 42.1 | 42.1 | 94.7 | 25.0% |
| Total | 500 | 542 | 466 | 412 | -6.2% |
Top Export Markets for Pork from the UK in 2022:
- China (58.1K tons)
- Germany (18.6K tons)
- France (18.3K tons)
- Philippines (17.4K tons)
- Poland (12.8K tons)
- Ireland (7.7K tons)
- United States (7.3K tons)
- Netherlands (4.5K tons)
- South Africa (3.6K tons)
- Dominican Republic (3.1K tons)
- Denmark (3.0K tons)
- Belgium (1.6K tons)
- Hong Kong SAR (1.0K tons)
This report provides an in-depth analysis of the pork 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:
- FCL 1035 - Pig meat
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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