United Kingdom: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in the UK

In 2022, the UK market for fresh or chilled pig meat other than cuts or carcases decreased by -2.7% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in the UK

In value terms, production of fresh or chilled pig meat other than cuts or carcases rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from the UK

After two years of decline, overseas shipments of fresh or chilled pig meat other than cuts or carcases increased by 62% to X tons in 2022. Overall, exports, however, saw a perceptible decrease. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases soared to $X in 2022. In general, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), Poland (X tons) and France (X tons) were the main destinations of exports of fresh or chilled pig meat other than cuts or carcases from the UK, with a combined 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +46.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), France ($X) and the United States ($X) appeared to be the largest markets for fresh pork other than cuts or carcases exported from the UK worldwide, together comprising 34% of total exports.

In terms of the main countries of destination, France, with a CAGR of +45.8%, saw 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 export price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -14.8% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled pig meat other than cuts or carcases increased by +30.6% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 51%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 the Netherlands (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into the UK

In 2022, overseas purchases of fresh or chilled pig meat other than cuts or carcases decreased by -3% to X tons, falling for the fifth consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 15% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of imports of fresh or chilled pig meat other than cuts or carcases to the UK, together accounting for 66% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh pork other than cuts or carcases suppliers to the UK were Germany ($X), Spain ($X) and Denmark ($X), with a combined 66% share of total imports.

Spain, with a CAGR of +8.9%, saw the highest growth rate of 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 fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 9.6%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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