Australia - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Australia - 2023
Contents:
- Bacon and Ham Price in Australia (CIF) - 2023
- Bacon and Ham Price in Australia (FOB) - 2023
- Bacon and Ham Imports in Australia
- Bacon and Ham Exports in Australia
Bacon and Ham Price in Australia (CIF) - 2023
In August 2023, the average bacon and ham import price amounted to $13,347 per ton, declining by -12.9% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $15,322 per ton, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($18,597 per ton), while the price for Denmark ($4,963 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced a decline.
Bacon and Ham Price in Australia (FOB) - 2023
In August 2023, the average bacon and ham export price amounted to $3,909 per ton, which is down by -4.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 152% against the previous month. As a result, the export price reached the peak level of $11,009 per ton. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($20,205 per ton), while the average price for exports to Nauru ($2,757 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 the Philippines (+73.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Imports in Australia
In 2022, bacon and ham imports into Australia fell to 2.2K tons, waning by -4.8% on the previous year. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 0.7% against the previous year.
In value terms, bacon and ham imports contracted modestly to $30M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 7%. As a result, imports reached the peak of $30M, leveling off in the following year.
| Import of Bacon and Ham in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 16.5 | 15.7 | 16.9 | 18.2 | 3.3% |
| Spain | 6.8 | 8.9 | 11.1 | 10.5 | 15.6% |
| Denmark | 2.6 | 2.4 | 1.2 | 1.3 | -20.6% |
| United States | 1.7 | N/A | N/A | 0.1 | -61.1% |
| New Zealand | N/A | 0.4 | 0.6 | 0.1 | -50.0% |
| Others | 1.7 | 1.0 | 0.6 | N/A | -40.6% |
| Total | 29.3 | 28.5 | 30.5 | 30.3 | 1.1% |
Top Suppliers of Bacon and Ham to Australia in 2022:
- Italy (1045.8 tons)
- Spain (909.0 tons)
- Denmark (258.7 tons)
- New Zealand (16.7 tons)
- United States (10.2 tons)
Bacon and Ham Exports in Australia
In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat exported from Australia skyrocketed to 380 tons, growing by 113% on 2021 figures. Overall, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham exports soared to $1.4M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bacon and Ham in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 85.5 | 137 | 98.2 | 449 | 73.8% |
| New Zealand | 118 | 416 | 387 | 381 | 47.8% |
| Singapore | 33.5 | 1.0 | 70.4 | 235 | 91.4% |
| Nauru | 26.6 | 41.7 | 139 | 103 | 57.0% |
| South Korea | 289 | 8.1 | 6.1 | 62.0 | -40.1% |
| Malaysia | 62.7 | 18.5 | 24.1 | 42.8 | -12.0% |
| Philippines | 42.8 | N/A | 19.4 | 40.0 | -2.2% |
| Solomon Islands | 70.1 | 25.9 | 68.9 | 39.1 | -17.7% |
| Vanuatu | 67.5 | 31.9 | 40.9 | 26.1 | -27.1% |
| Hong Kong SAR | 82.1 | 10.7 | N/A | N/A | -87.0% |
| United Arab Emirates | 38.1 | 10.2 | 15.7 | N/A | -35.8% |
| Others | 48.2 | 160 | 84.7 | 61.2 | 8.3% |
| Total | 964 | 861 | 955 | 1,439 | 14.3% |
Top Export Markets for Bacon and Ham from Australia in 2022:
- Papua New Guinea (135.5 tons)
- Singapore (110.1 tons)
- Philippines (39.0 tons)
- New Zealand (37.5 tons)
- Nauru (21.3 tons)
- Malaysia (16.0 tons)
- Vanuatu (7.3 tons)
- Solomon Islands (6.8 tons)
- South Korea (2.9 tons)
This report provides an in-depth analysis of the bacon and ham market in Australia. 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:
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
-
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
-
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
-
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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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 VOLUME AND VALUE
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
- 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
- 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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