Italy: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Italy

The Italian market for frozen pig meat other than cuts or carcases skyrocketed to $X in 2022, picking up by 53% against the previous year. Over the period under review, consumption recorded a pronounced expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Italy

In value terms, production of frozen pig meat other than cuts or carcases shrank sharply to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 303% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Italy

After three years of growth, shipments abroad of frozen pig meat other than cuts or carcases decreased by -36.9% to X tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 47% against the previous year. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases fell remarkably to $X in 2022. In general, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 with an increase of 38% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Bulgaria (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Italy, with a combined 26% share of total exports. Spain, Cote d'Ivoire, Japan, Poland, France, Lao People's Democratic Republic, Denmark, Vietnam, Gabon and Germany lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +61.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Romania ($X) and Spain ($X) were the largest markets for frozen pig meat other than cuts or carcases exported from Italy worldwide, with a combined 30% share of total exports. The Czech Republic, Poland, Bulgaria, Lao People's Democratic Republic, France, Germany, Vietnam, Denmark, Gabon and Cote d'Ivoire lagged somewhat behind, together accounting for a further 40%.

Lao People's Democratic Republic, with a CAGR of +72.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -27.3% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Italy

In 2022, purchases abroad of frozen pig meat other than cuts or carcases was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 12% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases rose notably to $X in 2022. In general, imports, however, recorded a pronounced slump. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Italy, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) were the largest frozen pig meat other than cuts or carcases suppliers to Italy, with a combined 78% share of total imports. Denmark, Belgium, Austria and France lagged somewhat behind, together accounting for a further 15%.

Denmark, with a CAGR of +6.2%, saw 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

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, growing by 5.4% against the previous year. In general, the import price, however, saw a mild slump. The growth pace was the most rapid in 2020 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Denmark ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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