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

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

The UK market for frozen pig meat other than cuts or carcases rose modestly to $X in 2022, growing by 2.6% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by +101.6% against 2015 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of frozen pig meat other than cuts or carcases expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 39% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from the UK

In 2022, overseas shipments of frozen pig meat other than cuts or carcases decreased by -20.3% to X tons, falling for the second year in a row after six years of growth. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -44.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 29% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases reduced sharply to $X in 2022. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 when exports increased by 32%. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from the UK, with a 48% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to China exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+39.2% per year) and the United States (+12.1% per year).

In value terms, China ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from the UK, comprising 43% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by the Philippines, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.5% per year) and the Philippines (+41.9% per year).

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, which is down by -13.6% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 frozen pig meat other than cuts or carcases increased by +56.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined 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 ($X per ton), while the average price for exports to the Dominican Republic ($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 Hong Kong SAR (+7.1%), 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 the UK

In 2022, supplies from 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, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 19% against the previous year. Over the period under review, imports of hit record highs 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 shrank to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to the UK, together comprising 67% of total imports. France, Denmark, Poland, Ireland and Belgium lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to the UK were Germany ($X), Spain ($X) and the Netherlands ($X), together accounting for 65% of total imports. France, Denmark, Poland, Ireland and Belgium lagged somewhat behind, together comprising a further 32%.

Poland, with a CAGR of +18.4%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, reducing by -18.5% against the previous year. Over the period under review, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($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 (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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