Slovakia: Canned Meat Market 2024

Canned Meat Market Size in Slovakia

The Slovak canned meat market dropped significantly to $X in 2021, with a decrease of -67.9% against the previous year. Over the period under review, consumption continues to indicate a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Canned Meat Production in Slovakia

In value terms, canned meat production declined notably to $X in 2021 estimated in export price. Over the period under review, production saw a sharp downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 8.9%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Canned Meat Exports

Exports from Slovakia

In 2021, overseas shipments of canned meat were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 47%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, canned meat exports skyrocketed to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of canned meat exports from Slovakia, together accounting for 82% of total exports. These countries were followed by Poland, France and Belgium, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +118.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned meat exported from Slovakia were the Czech Republic ($X), Hungary ($X) and Austria ($X), together accounting for 82% of total exports. These countries were followed by Poland, France and Belgium, which together accounted for a further 13%.

Belgium, with a CAGR of +137.2%, 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 canned meat export price stood at $X per ton in 2021, falling by -3.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($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 Belgium (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Meat Imports

Imports into Slovakia

Canned meat imports into Slovakia rose sharply to X tons in 2021, with an increase of 12% compared with 2020. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, canned meat imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of canned meat imports to Slovakia, together accounting for 86% of total imports. Hungary and Austria lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Germany ($X), with a combined 86% share of total imports. These countries were followed by Hungary and Austria, which together accounted for a further 9.9%.

In terms of the main suppliers, Hungary, with a CAGR of +18.1%, 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 2021, the average canned meat import price amounted to $X per ton, growing by 5.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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