Salted, brined, dried or smoked pork bellies and cuts market in Italy

Earlier Report Observations

The Italian market for salted, brined, dried or smoked pork bellies and cuts experienced significant value fluctuations from 2018 to 2023. After starting at 425.6 млн долл. in 2018, the market value declined to 398.5 млн долл. in 2019 and 395.2 млн долл. in 2020. It then recovered modestly to 397.9 млн долл. in 2021 and 405.2 млн долл. in 2022, before falling again to 377.6 млн долл. in 2023.

In 2024, the market value rebounded sharply to 433.9 млн долл. This growth was primarily driven by a shift in consumer preferences towards higher-quality and premium-priced products, coupled with a 3.3% increase in retail prices for pancetta. These factors elevated the overall market value despite a slight decrease in the physical volume of domestic consumption.

Production salted, brined, dried or smoked pork bellies and cuts in Italy

In value, 2017-2020, M $ US

In Italy, the output value of salted, brined, dried, or smoked pork bellies and cuts reached 450.9 million US dollars in 2020, marking a 3.2% improvement compared to the previous year. Over the period from 2017 to 2020, production increased by 26.3%, with a compound annual growth rate (CAGR) of 8.1%. The highest value was recorded in 2018 at 458.1 million US dollars, while the largest decline occurred in 2019 with a 4.7% drop. The most significant increase was observed in 2018, with a 28.3% rise.

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

In kind, 2017-2020, K t

Market behavior during these years was characterized by volatility. Production bottomed in 2017 and peaked in 2020, with a 2.6-fold difference between these years. In 2020, Italy produced 131.7 thousand tonnes of salted, brined, dried, or smoked pork bellies and cuts, which represents a 159.8% increase over the previous year. The largest decline was recorded in 2019, with a 6.3% drop.

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

Exports salted, brined, dried or smoked pork bellies and cuts from Italy

Exports in kind, t

Salted, brined, dried, or smoked pork bellies and cuts volumes leaving Italy increased for the third consecutive year. In 2020, Italy exported 7 247 tonnes of these products, reflecting a 2.3% year-over-year increase. Over the period from 2017 to 2020, exports grew by 13%, with a compound annual growth rate (CAGR) of 4.2%.

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

From 2017 to 2020, the United Kingdom (accounting for 30.8% of exports in kind), Japan (15.6%), and France (11.4%) formed the key group of partners for Italy's exports in kind of salted, brined, dried, or smoked pork bellies and cuts. Together, they represented 57.8% of total flows.

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

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

Exports in value, K $ US

Salted, brined, dried, or smoked pork bellies and cuts shipments from Italy to abroad increased for the third consecutive year. In 2020, export volume reached 84 526 thousand US dollars, showing a steep rise of 25.3% year-over-year. Over the period from 2017 to 2020, exports increased by 50.1%, with a compound annual growth rate (CAGR) of 14.5%.

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

Throughout 2017–2020, the United Kingdom (30.2% of exports in value terms), Canada (12.6%), and Japan (12.1%) formed the key group of partners for Italy's exports in value terms of salted, brined, dried, or smoked pork bellies and cuts. Collectively, they accounted for 54.9% of total flows.

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

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

Imports salted, brined, dried or smoked pork bellies and cuts to Italy

Imports in kind, t

After a two-year rise, the volume of salted, brined, dried, or smoked pork bellies and cuts imports into Italy declined. In 2020, imports were recorded at 5 458 tonnes, representing a gradual fall of 7.3% from a year earlier. Between 2017 and 2020, imports increased by 14.2%, equating to a 4.5% annualized rate. The maximum value was recorded in 2019 at 5 889 tonnes, while the largest increase occurred in 2018 with a 19.6% rise.

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

Over 2017–2020, Germany and France were the dominant destinations for imports in kind of salted, brined, dried, or smoked pork bellies and cuts to Italy, jointly accounting for 83.7% of total flows. The remaining volume was distributed among smaller markets.

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

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

Imports in value, K $ US

After a two-year gain, salted, brined, dried, or smoked pork bellies and cuts volumes imported into Italy declined. In 2020, imports totalled 28 771 thousand US dollars, marking a slight drop of 1.5% compared to 2019. Over the period from 2017 to 2020, imports increased by 20.1%, with a compound annual growth rate (CAGR) of 6.3%. The maximum value was recorded in 2019 at 29 207 thousand US dollars, while the largest increase was observed in 2018 with a 15.2% rise.

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

From 2017 to 2020, Germany and France remained the main markets for imports in value terms, jointly accounting for 81.5% of total flows. Other partners formed the remaining share.

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

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