Sausage Market

Driven by increasing demand for sausages worldwide, the market is forecasted to accelerate with a CAGR of +2.4%. China leads both in consumption and production, with the market volume expected to reach 42M tons and value to hit $154B by 2030. Other key players include India, Brazil, the United States, and Germany. Global imports and exports also show steady growth trends over the years.

Market Forecast

Driven by increasing demand for sausages and similar products of meat worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 42M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $154B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sausages and Similar Products Of Meat

In 2022, consumption of sausages and similar products of meat decreased by -7.5% to 35M tons, falling for the third year in a row after eight years of growth. The total consumption volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, global consumption hit record highs at 39M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The global sausage market size declined to $107.3B in 2022, shrinking by -13.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market hit record highs at $133.8B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of sausage consumption was China (7.9M tons), accounting for 23% of total volume. Moreover, sausage consumption in China exceeded the figures recorded by the second-largest consumer, India (3.1M tons), threefold. Brazil (3.1M tons) ranked third in terms of total consumption with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +4.6%. In the other countries, the average annual rates were as follows: India (+3.7% per year) and Brazil (+3.8% per year).

In value terms, China ($28.8B) led the market, alone. The second position in the ranking was taken by the United States ($10.7B). It was followed by Russia.

In China, the sausage market increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+2.2% per year) and Russia (-3.3% per year).

The countries with the highest levels of sausage per capita consumption in 2022 were Spain (15 kg per person), Canada (14 kg per person) and Brazil (14 kg per person).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +4.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Sausages and Similar Products Of Meat

In 2022, production of sausages and similar products of meat decreased by -7.4% to 35M tons, falling for the third year in a row after eight years of growth. The total output volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. Over the period under review, global production attained the peak volume at 39M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, sausage production shrank markedly to $95.4B in 2022 estimated in export price. Over the period under review, production showed a mild slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 12% against the previous year. Global production peaked at $146.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (7.9M tons) remains the largest sausage producing country worldwide, accounting for 23% of total volume. Moreover, sausage production in China exceeded the figures recorded by the second-largest producer, Brazil (3.2M tons), twofold. The third position in this ranking was held by India (3.1M tons), with a 9% share.

In China, sausage production expanded at an average annual rate of +4.6% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+3.9% per year) and India (+3.7% per year).

Imports

World Imports of Sausages and Similar Products Of Meat

In 2022, global imports of sausages and similar products of meat was estimated at 1.4M tons, surging by 3% against 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.4% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sausage imports reached $6.2B in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

The UK (151K tons) and Germany (124K tons) represented roughly 19% of total imports in 2022. France (79K tons) took a 5.5% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.2%). The Netherlands (58K tons), Angola (48K tons), Hungary (45K tons), Canada (42K tons), Kazakhstan (42K tons), Mexico (42K tons), Slovakia (37K tons), Denmark (29K tons) and Spain (29K tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +9.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($795M), Germany ($762M) and France ($406M) appeared to be the countries with the highest levels of imports in 2022, together comprising 32% of global imports. Belgium, Canada, the Netherlands, Mexico, Hungary, Denmark, Slovakia, Kazakhstan, Spain and Angola lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, the Netherlands, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average sausage import price amounted to $4,284 per ton, approximately reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.4% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($6,270 per ton), while Angola ($1,456 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sausages and Similar Products Of Meat

In 2022, overseas shipments of sausages and similar products of meat increased by 3.1% to 1.6M tons, rising for the seventh year in a row after two years of decline. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sausage exports stood at $6.6B in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 10% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

Brazil (180K tons), the United States (167K tons), Germany (165K tons), Poland (126K tons), Spain (94K tons), Italy (84K tons), the Netherlands (84K tons), Belgium (73K tons), Austria (58K tons), Belarus (48K tons), France (47K tons) and Russia (40K tons) represented roughly 73% of total exports in 2022. Denmark (38K tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +9.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest sausage supplying countries worldwide were Germany ($870M), the United States ($748M) and Italy ($718M), with a combined 35% share of global exports. Spain, Poland, Austria, the Netherlands, Belgium, Brazil, France, Denmark, Belarus and Russia lagged somewhat behind, together comprising a further 44%.

In terms of the main exporting countries, Poland, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average sausage export price amounted to $4,156 per ton, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 6.4% against the previous year. The global export price peaked at $4,176 per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($8,500 per ton), while Brazil ($1,403 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform