Preserved Pork Market Overview in the European Union
In value terms, preserved pork production totaled $5.9B in 2010 estimated in export prices. In general, preserved pork production, however, continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2008 with an increase of 0.5% year-to-year. In that year, preserved pork production attained its peak level of $6.4B. From 2009 to 2010, preserved pork production growth remained at a lower figure.
The UK (444K tonnes) constituted the country with the largest volume of preserved pork production, accounting for 35% of total volume. Moreover, preserved pork production in the UK exceeded the figures recorded by the second-largest producer, Germany (148K tonnes), threefold. The third position in this ranking was occupied by the Netherlands (132K tonnes), with a 10% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in the UK totaled +19.9%. The remaining producing countries recorded the following average annual rates of production growth: Germany (-13.5% per year) and the Netherlands (-4.5% per year).
The revenue of the preserved pork market in the European Union amounted to $6.5B in 2010, jumping by 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, preserved pork consumption continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2010 with an increase of 5.7% against the previous year. Over the period under review, the preserved pork market attained its maximum level at $7.2B in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.
In the UK, preserved pork consumption expanded at an average annual rate of +13.8% over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of consumption growth: Germany (-12.8% per year) and France (-2.1% per year).
In value terms, the UK ($2.9B) led the market, alone. The second position in the ranking was occupied by France ($774M). It was followed by Germany.
From 2007 to 2010, the average annual rate of growth in terms of value in the UK was relatively modest. In the other countries, the average annual rates were as follows: France (-7.2% per year) and Germany (-6.9% per year).
The countries with the highest levels of preserved pork per capita consumption in 2010 were the UK (11,606 kg per 1000 persons), Ireland (7,046 kg per 1000 persons) and Romania (2,542 kg per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of preserved pork per capita consumption, amongst the main consuming countries, was attained by the UK, while preserved pork per capita consumption for the other leaders experienced more modest paces of growth.