Greece: Pork Market 2024

Pork Market Size in Greece

In 2022, the Greek pork market increased by 14% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Pork Production in Greece

In value terms, pork production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 17%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average pork yield in Greece expanded modestly to X kg per head, growing by 2.2% on the previous year's figure. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9%. As a result, the yield reached the peak level of X kg per head. From 2020 to 2022, the growth of the average pork yield failed to regain momentum.

In 2022, the number of animals slaughtered for pork production in Greece reached X heads, growing by 1.7% on 2021. Overall, the number of producing animals, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 5.8%. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Pork Exports

Exports from Greece

In 2022, the amount of pork exported from Greece reduced to X tons, dropping by -6.7% on the year before. Overall, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2018 when exports increased by 40% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pork exports reached $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Germany (X tons) were the main destinations of pork exports from Greece, with a combined 64% share of total exports. Albania, the UK, Romania, Bahamas, Malta, Italy, Turkey, Sweden and the Netherlands lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +94.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cyprus ($X) and Bulgaria ($X) constituted the largest markets for pork exported from Greece worldwide, with a combined 54% share of total exports. Bahamas, the UK, Romania, Albania, Malta, Italy, Sweden, Turkey and the Netherlands lagged somewhat behind, together comprising a further 38%.

Bahamas, with a CAGR of +97.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pork export price increased by +66.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 28% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Greece

In 2022, overseas purchases of pork increased by 3.7% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9.3% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pork imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of pork imports to Greece, together comprising 77% of total imports. Spain, Denmark, Belgium and Bulgaria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) appeared to be the largest pork suppliers to Greece, together comprising 79% of total imports. France, Denmark, Belgium and Bulgaria lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Bulgaria, with a CAGR of +23.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Denmark ($X per ton), while the price for France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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