Slovakia: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Slovakia

In 2022, the Slovak fresh pork carcase market increased by 15% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Fresh Pork Carcase Production in Slovakia

In value terms, fresh pork carcase production expanded significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 126% against the previous year. Fresh pork carcase production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fresh Pork Carcase Exports

Exports from Slovakia

In 2022, approx. X tons of fresh or chilled carcases of pig meat were exported from Slovakia; waning by -26.7% on the year before. Overall, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, fresh pork carcase exports contracted significantly to $X in 2022. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when exports increased by 58%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for fresh pork carcase exports from Slovakia, accounting for a 60% share of total exports. Moreover, fresh pork carcase exports to Hungary exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+10.4% per year) and the Czech Republic (-3.5% per year).

In value terms, Hungary ($X) remains the key foreign market for fresh or chilled carcases of pig meat exports from Slovakia, comprising 59% of total exports. The second position in the ranking was held by Poland ($X), with an 18% share of total exports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.4% per year) and the Czech Republic (-8.3% per year).

Export Prices by Country

The average fresh pork carcase export price stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.1%), while the prices for the other major destinations experienced a decline.

Fresh Pork Carcase Imports

Imports into Slovakia

In 2022, supplies from abroad of fresh or chilled carcases of pig meat increased by 14% to X tons, rising for the third year in a row after three years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 132%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fresh pork carcase imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of fresh pork carcase imports to Slovakia, together accounting for 67% of total imports. Spain, Germany and the Netherlands lagged somewhat behind, together accounting for a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest fresh pork carcase suppliers to Slovakia, with a combined 66% share of total imports. Spain, Germany and the Netherlands lagged somewhat behind, together accounting for a further 4.7%.

Spain, with a CAGR of +37.8%, saw the highest growth rate of 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

The average fresh pork carcase import price stood at $X per ton in 2022, with an increase of 9% against the previous year. Overall, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of 22%. The import price peaked at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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