Fresh or chilled bone-in pork hams, shoulders and cuts market in Spain

Earlier Report Observations

The market for fresh or chilled bone-in pork hams, shoulders and cuts in Spain saw its volume decline from 718 thousand tonnes in 2018 to 591 thousand tonnes in 2020, with its value falling to 1.57 billion USD over the same period. This downward trend was interrupted by a strong rebound in 2021, when market volume jumped to 879 thousand tonnes and value recovered to 1.93 billion USD.

In 2022, market volume contracted to 777 thousand tonnes. This coincided with significant export activity, with Spain serving as a major supplier of these products to markets like Mexico, reflecting the strength of large domestic companies in international trade which diverted supply from the home market. The market's value saw a more modest adjustment to 1.86 billion USD that year.

A period of sustained growth followed from 2023 to 2024. Market volume expanded to 888 thousand tonnes and then to 941 thousand tonnes, while the market's value increased markedly to 2.48 billion USD and then 2.95 billion USD, pointing to a significant rise in average product prices or a change in the market's composition over these years.

Production fresh or chilled bone-in pork hams, shoulders and cuts in Spain

In value, 2017-2020, M $ US

In 2020, Spain's production of fresh or chilled bone-in pork hams, shoulders, and cuts was valued at 1 944 million US dollars, marking a 10.0% decline compared to the previous year. From 2017 to 2020, production fell by 5.3%, which translates to an average annual decrease of 1.8%. The highest value was recorded in 2019 at 2 159 million US dollars, with the largest year-on-year increase of 6.7% also occurring that year.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Spain's production of fresh or chilled bone-in pork hams, shoulders, and cuts has declined for the third year in a row. In 2020, output reached 747.8 thousand tonnes, reflecting a significant drop of 11.5% from the prior year. Between 2017 and 2020, production decreased by 12.9%, averaging an annual decline of 4.5%.

Annual dynamics of production in Spain in kind, 2017-2020, K t

Exports fresh or chilled bone-in pork hams, shoulders and cuts from Spain

Exports in kind, K t

In 2020, Spain's exports of fresh or chilled bone-in pork hams, shoulders, and cuts totaled 171.3 thousand tonnes, representing a 7.6% decrease from the previous year. Over the 2017-2020 period, exports fell by 13.6%, with a compound annual growth rate (CAGR) of -4.7%. The lowest volume was recorded in 2018 at 167.0 thousand tonnes, which also saw the largest decline of 15.8%. In contrast, 2019 experienced the biggest increase at 11.1%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K t

From 2017 to 2020, Italy, France, and Portugal were the top three markets for Spain's exports in volume terms, collectively accounting for 68.9% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

In 2020, Spain's exports of fresh or chilled bone-in pork hams, shoulders, and cuts amounted to 413.3 million US dollars, down 12.1% from the year before. Over the 2017-2020 span, exports decreased by 9.0%, with a CAGR of -3.1%. The lowest value was in 2018 at 353.1 million US dollars, while the peak was in 2019 at 470.1 million US dollars. The sharpest decline occurred in 2018 at 22.3%, whereas 2019 saw the largest rise of 33.1%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Between 2017 and 2020, Italy, France, and Portugal were the leading markets for Spain's exports in value terms. Italy accounted for 34.7% of export value, France for 23.1%, and Portugal for 12.8%, together making up 70.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports fresh or chilled bone-in pork hams, shoulders and cuts to Spain

Imports in kind, K t

Spain's imports of fresh or chilled bone-in pork hams, shoulders, and cuts have decreased for the third consecutive year. In 2020, import volume stood at 14.7 thousand tonnes, a slight drop of 1.0% from the previous year. From 2017 to 2020, imports fell sharply by 54.2%, with a CAGR of -22.9%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K t

During the 2017-2020 period, the Netherlands, Poland, and Germany were the primary sources for Spain's imports in volume terms. The Netherlands contributed 38.1% of imports, Poland 25.4%, and Germany 10.9%, collectively representing 74.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

Following two years of decline, Spain's imports of fresh or chilled bone-in pork hams, shoulders, and cuts saw an uptick in 2020. Import value reached 40.8 million US dollars, a modest increase of 1.4% compared to the prior year. However, from 2017 to 2020, imports overall decreased by 48.8%, averaging an annual decline of 20.0%. The lowest value was recorded in 2019 at 40.2 million US dollars, which also experienced the largest drop of 39.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, the Netherlands, Poland, and Germany were the key markets for Spain's imports in value terms. The Netherlands made up 39.7% of import value, Poland 23.1%, and Germany 10.5%, together accounting for 73.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020