Greece: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Greece

In 2022, the Greek market for salted, dried or smoked meat, and offal was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a mild slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Greece

In value terms, production of salted, dried or smoked meat, and offal totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Greece

In 2022, overseas shipments of salted, dried or smoked meat, and offal decreased by -85.2% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 197%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal declined dramatically to $X in 2022. Over the period under review, exports showed a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 291% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Spain (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Greece, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) emerged as the key foreign market for salted, dried or smoked meat, and offal exports from Greece, comprising 56% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 15% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-1.8% per year) and the UK (+12.3% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, surging by 119% against the previous year. In general, the export price posted resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Cyprus (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Greece

Imports of salted, dried or smoked meat, and offal into Greece contracted modestly to X tons in 2022, dropping by -4.3% against the previous year's figure. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 36%. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal rose remarkably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Greece, with a combined 66% share of total imports. Belgium, Germany, Denmark, France and Bulgaria lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +124.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) constituted the largest salted, dried or smoked meat, and offal suppliers to Greece, together accounting for 66% of total imports. Spain, Belgium, Denmark, France and Bulgaria lagged somewhat behind, together accounting for a further 30%.

Denmark, with a CAGR of +137.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for salted, dried or smoked meat, and offal amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform