Greece: Sausage Market 2024

Sausage Market Size in Greece

In 2021, the Greek sausage market increased by 5.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Sausage Production in Greece

In value terms, sausage production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Sausage production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Sausage Exports

Exports from Greece

In 2021, the amount of sausages and similar products of meat exported from Greece surged to X tons, growing by 16% on 2020. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 20% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sausage exports soared to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of sausage exports from Greece, together accounting for 76% of total exports. These countries were followed by the UK, Romania and Albania, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +51.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for sausages and similar products of meat exports from Greece, comprising 43% of total exports. The second position in the ranking was held by Bulgaria ($X), with an 18% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+11.7% per year) and Germany (+25.8% per year).

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, growing by 10% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Albania (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sausage Imports

Imports into Greece

In 2021, supplies from abroad of sausages and similar products of meat decreased by -9.9% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sausage imports reached $X in 2021. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of sausage imports to Greece, together accounting for 77% of total imports. These countries were followed by Spain, Bulgaria, Denmark and the Czech Republic, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage suppliers to Greece were Germany ($X), Italy ($X) and Poland ($X), with a combined 79% share of total imports. These countries were followed by Spain, Bulgaria, Denmark and the Czech Republic, which together accounted for a further 17%.

The Czech Republic, with a CAGR of +48.2%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average sausage import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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