Greece: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Greece

In 2020, the Greek preserved swine belly market decreased by -X% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Preserved swine belly consumption peaked at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Preserved Swine Belly Production in Greece

In value terms, preserved swine belly production shrank to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Preserved Swine Belly Exports

Exports from Greece

In 2020, overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, preserved swine belly exports skyrocketed to $X in 2020. Overall, exports posted a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons) was the main destination for preserved swine belly exports from Greece, accounting for a X% share of total exports. Moreover, preserved swine belly exports to Bulgaria exceeded the volume sent to the second major destination, the UK (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bulgaria totaled +X%.

In value terms, the largest markets for preserved swine belly exported from Greece were Bulgaria ($X) and the UK ($X UK saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, approximately equating the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK.

Preserved Swine Belly Imports

Imports into Greece

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons for the first time since 2016, thus ending a three-year declining trend. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2015 to 2020, the growth imports remained at a lower figure.

In value terms, preserved swine belly imports soared to $X in 2020. In general, imports posted moderate growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tons) constituted the largest preserved swine belly supplier to Greece, with a X% share of total imports. Moreover, preserved swine belly imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Spain (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of preserved swine belly to Greece, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :