Slovakia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Slovakia

The Slovak market for fresh or chilled pig meat other than cuts or carcases soared to $X in 2022, rising by 21% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.6% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Slovakia

In value terms, production of fresh or chilled pig meat other than cuts or carcases soared to $X in 2022 estimated in export price. In general, production, however, saw a slight setback. The growth pace was the most rapid in 2020 when the production volume increased by 115% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Slovakia

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were exported from Slovakia; growing by 65% against 2021. Overall, exports, however, saw a noticeable decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 88% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Slovakia, with a 67% share of total exports. Moreover, exports of fresh or chilled pig meat other than cuts or carcases to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-5.6% per year) and Poland (-8.3% per year).

In value terms, the largest markets for fresh pork other than cuts or carcases exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Poland ($X), with a combined 99% share of total exports.

The Czech Republic, with a CAGR of -11.3%, 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 a decline.

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, surging by 2.5% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Poland ($X per ton), while the average price for exports to Hungary ($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 the Czech Republic (-6.0%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Slovakia

In 2022, supplies from abroad of fresh or chilled pig meat other than cuts or carcases increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +11.6% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 45% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, total imports indicated a notable 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 +132.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of fresh or chilled pig meat other than cuts or carcases to Slovakia, together accounting for 50% of total imports. Austria, Hungary, the Czech Republic, Belgium, Denmark and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Poland ($X) and Germany ($X) appeared to be the largest fresh pork other than cuts or carcases suppliers to Slovakia, together comprising 48% of total imports. Austria, Hungary, the Czech Republic, Belgium, Denmark and France lagged somewhat behind, together accounting for a further 31%.

Belgium, with a CAGR of +30.0%, 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 fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, rising by 4.7% against the previous year. Overall, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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