Ireland - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Ireland - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Bacon and Ham Price in Ireland - 2023

Contents:

  1. Bacon and Ham Price in Ireland (CIF) - 2023
  2. Bacon and Ham Price in Ireland (FOB) - 2023
  3. Bacon and Ham Imports in Ireland
  4. Bacon and Ham Exports in Ireland

Bacon and Ham Price in Ireland (CIF) - 2023

The average bacon and ham import price stood at $4,436 per ton in July 2023, waning by -11.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 28% against the previous month. The import price peaked at $5,035 per ton in June 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($12,617 per ton), while the price for the Netherlands ($3,590 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Bacon and Ham Price in Ireland (FOB) - 2023

The average bacon and ham export price stood at $5,630 per ton in July 2023, with an increase of 22% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. Over the period under review, the average export prices attained the maximum at $5,666 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,806 per ton), while the average price for exports to Poland ($1,634 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Bacon and Ham Imports in Ireland

In 2022, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat decreased by 0% to 24K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 1.1%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, bacon and ham imports stood at $89M in 2022. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Bacon and Ham in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands28.223.1N/A36.38.8%
United Kingdom6.724.4N/A26.057.1%
Denmark8.47.5N/A8.2-0.8%
Italy2.63.5N/A6.636.4%
Germany4.65.0N/A6.19.9%
France1.50.8N/A2.111.9%
Others7.82.2N/A3.7-22.0%
Total59.766.6N/A89.014.2%

Top Suppliers of Bacon and Ham to Ireland in 2022:

  1. Netherlands (12.5K tons)
  2. United Kingdom (6.4K tons)
  3. Denmark (2.5K tons)
  4. Germany (1.1K tons)
  5. France (0.7K tons)
  6. Italy (0.5K tons)

Bacon and Ham Exports in Ireland

Bacon and ham exports from Ireland expanded modestly to 12K tons in 2022, surging by 1.9% compared with 2021 figures. The total export volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, bacon and ham exports shrank to $50M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +43.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 43%.

Export of Bacon and Ham in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom32.348.1N/A45.812.3%
Spain0.10.1N/A1.7157.1%
United Arab Emirates0.50.154.8N/A946.9%
Others2.11.8N/A2.810.1%
Total35.150.254.850.212.7%

Top Export Markets for Bacon and Ham from Ireland in 2022:

  1. United Arab Emirates (undefinedK tons)
  2. United Kingdom (10.8K tons)
  3. Spain (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bacon and ham market in Ireland. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ireland
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Bacon And Ham - Ireland