Average retail price of bacon in the United Kingdom 2010-2017
In January 2017, the average retail price of Bacon was approximately 3.9 British pounds per kilogram. During the same month in the preceding seven years, prices were higher and followed a downward trend only broken in January 2013 and 2014. By January 2017 prices had dropped by 62pence per kilogram as compared to 2010.
Price components
The retail price is made up of two components. The farm price, which reflects the cost of production and the farm to retail price spread, which accounts for the retail process itself, shipping and processing. In the case of UK bacon, the latter accounts for 60 to 70 percent of the retail price. The price increase in the beginning of 2013 and 2014 was due to an increased farm price.
UK market
Market volumes for bacon and ham have been dropping in recent years and are forecast to stagnate. Per capita consumption in the UK is expected to slightly decrease. Consequently, imports have also seen a downward trend in volume since 2009. Exports have fluctuated since 2003 with an overall upward trend since 2013.
Price components
The retail price is made up of two components. The farm price, which reflects the cost of production and the farm to retail price spread, which accounts for the retail process itself, shipping and processing. In the case of UK bacon, the latter accounts for 60 to 70 percent of the retail price. The price increase in the beginning of 2013 and 2014 was due to an increased farm price.
UK market
Market volumes for bacon and ham have been dropping in recent years and are forecast to stagnate. Per capita consumption in the UK is expected to slightly decrease. Consequently, imports have also seen a downward trend in volume since 2009. Exports have fluctuated since 2003 with an overall upward trend since 2013.
