PRODUCT CLASSIFICATION
Sausages are one of the oldest and most versatile meat products in the world, known for their rich flavor, convenient price and adaptability in a wide variety of dishes, from breakfast to gourmet cuisine.
Initially they were made only from ground meat, fat and spices, but today they’re enjoyed in both traditional and modern forms, including plant-based alternatives, creating countless choices across cultures.
Sausages are a part of Preparations of fish, crustaceans, & mollusks, categories of the Foodstuffs section that includes a wide range of related by-products like Sausages, similar products of meat, meat offal & bloo.
They also have a Product Complexity Index of 0.29, ranking 460 out of 1044 products in 2023.
This post will not consider a specific country’s market, but it will be focused on the Sausages trade in general.
OVERVIEW
In 2023, global trade of Sausages reached an amount of $7.17B, reflecting an increased percentage of 12.4 from 2022, when it totaled $6.38B and, over the past five years, it has grown at an annualized rate of 6.69%.
In addition, during the same year, Sausages ranked 445 out of 1217 products, accounting for 0.032% of world trade.
EXPORT
In 2023 it was estimated that the main characters in the exportation scenario of Sausages were
- Germany - $972M;
- Italy - $839M;
- United States - $786M.
Also, during the same year, the countries that registered the highest share of this category in their export portfolios were
- Turks and Caicos Islands - 0.54%;
- Belarus - 0.51%;
- Jordan - 0.31%.
IMPORT
In 2023 it was revealed that the leading importers of Sausages category in global trade were
- United Kingdom - $925M;
- Germany - $908M;
- France - $520M.
CONCLUSIONS
In 2023 the Sausages category’s trade kept growing, supported by the continuous demand for convenient and protein-rich foods, even if many challenges are persistent, like the high prices for meat and supply chain issues.
Lastly, its variety and global popularity helped it remain a flexible and reliable part of the food market.
Source: https://oec.world/en
