Slovakia: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Slovakia

In 2022, the Slovak frozen pork cut market decreased by -19.4% to $X, falling for the second year in a row after five years of growth. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Frozen Pork Cut Production in Slovakia

In value terms, frozen pork cut production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 86%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Frozen Pork Cut Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of frozen hams, shoulders and cuts of pig meat, when their volume decreased by -69.3% to X tons. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 554%. The exports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, frozen pork cut exports shrank markedly to $X in 2022. Over the period under review, exports showed a mild downturn. The growth pace was the most rapid in 2020 when exports increased by 772% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of frozen pork cut exports from Slovakia, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for frozen pork cut exported from Slovakia worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +6.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, dropping by -33.6% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by 406% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (-6.0%), while the prices for the other major destinations experienced a decline.

Frozen Pork Cut Imports

Imports into Slovakia

In 2022, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by -38.2% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 61%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, frozen pork cut imports contracted sharply to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 77% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of frozen pork cut to Slovakia, accounting for a 38% share of total imports. Moreover, frozen pork cut imports from Poland exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by France (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.8% per year) and France (+20.7% per year).

In value terms, the largest frozen pork cut suppliers to Slovakia were Poland ($X), Spain ($X) and France ($X), with a combined 70% share of total imports.

France, with a CAGR of +29.8%, recorded 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 frozen pork cut import price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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