Slovakia: Bacon And Ham Market 2024

Bacon And Ham Market Size in Slovakia

The Slovak bacon and ham market expanded significantly to $X in 2022, growing by 6.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bacon And Ham Production in Slovakia

In value terms, bacon and ham production soared to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Bacon and ham production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bacon And Ham Exports

Exports from Slovakia

In 2022, bacon and ham exports from Slovakia contracted rapidly to X tons, falling by -25.8% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, bacon and ham exports contracted notably to $X in 2022. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by 67%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for bacon and ham exports from Slovakia, accounting for a 83% share of total exports. Moreover, bacon and ham exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-15.0% per year) and Poland (+78.9% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Slovakia, comprising 79% of total exports. The second position in the ranking was taken by Hungary ($X), with a 6.9% share of total exports. It was followed by Poland, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-20.7% per year) and Poland (+71.2% per year).

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, reducing by -2.6% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Hungary ($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 Spain (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Bacon And Ham Imports

Imports into Slovakia

In 2022, imports of bacon, ham and other dried, salted or smoked pig meat into Slovakia shrank markedly to X tons, falling by -37.5% on the previous year. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 when imports increased by 70% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports shrank significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of bacon and ham imports to Slovakia, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bacon and ham suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), together comprising 78% of total imports. Spain, Hungary and Poland lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Spain, with a CAGR of +16.4%, recorded the highest rates of growth with regard to 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

The average bacon and ham import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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