Greece: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Greece

After two years of decline, the Greek preserved swine meat market increased by 15% to $X in 2021. In general, consumption, however, recorded a pronounced slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preserved Swine Meat Production in Greece

In value terms, preserved swine meat production expanded sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 75%. Preserved swine meat production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Preserved Swine Meat Exports

Exports from Greece

In 2021, overseas shipments of prepared or preserved hams and cuts of swine meat increased by 345% to X tons, rising for the third year in a row after three years of decline. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat exports soared to $X in 2021. In general, exports posted resilient growth. As a result, the exports attained 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 meat exports from Greece, with a 76% share of total exports. Moreover, preserved swine meat exports to Bulgaria exceeded the volume sent to the second major destination, Albania (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria stood at +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+46.6% per year) and Germany (-11.4% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for prepared or preserved hams and cuts of swine meat exports from Greece, comprising 62% of total exports. The second position in the ranking was taken by Albania ($X), with an 8.9% share of total exports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria totaled +42.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+41.7% per year) and Germany (-10.0% per year).

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, with a decrease of -33.6% against the previous year. In general, the export price saw a perceptible slump. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports

Imports into Greece

In 2021, approx. X tons of prepared or preserved hams and cuts of swine meat were imported into Greece; rising by 124% compared with the previous year. Overall, imports posted moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest supplier of preserved swine meat to Greece, accounting for a 49% share of total imports. Moreover, preserved swine meat imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria totaled +95.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.2% per year) and Denmark (+39.9% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved hams and cuts of swine meat to Greece, comprising 38% of total imports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+30.1% per year) and Italy (+6.5% per year).

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2021, reducing by -45.9% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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