In 2023, the import of salted, dried, or smoked swine bellies to the UK stood at approximately 22.1 million kilograms. The forecast data from 2024 to 2028 indicates a steady growth in volume, with an average year-on-year increase of about 2.1%. The compound annual growth rate (CAGR) over this five-year period is forecasted to be around 2.6%, suggesting a consistent uptick in imports.
Trends to watch for in the future include:
- Potential influences of post-Brexit trade agreements on import strategies and volumes.
- The impact of shifting consumer preferences towards more health-conscious and sustainable eating habits.
- Changes in domestic production which might affect import dependency.
- Fluctuations in global swine belly supply, which could influence prices and availability.