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

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

In 2022, the Slovak market for frozen pig meat other than cuts or carcases increased by 19% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a perceptible curtailment. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Slovakia

In 2022, the amount of frozen pig meat other than cuts or carcases exported from Slovakia surged to X tons, growing by 44% compared with the year before. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 461% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 434% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Slovakia, accounting for a 67% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Hungary exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+204.2% per year) and the Czech Republic (-8.0% per year).

In value terms, Hungary ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Slovakia, comprising 83% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Italy, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-14.2% per year) and Italy (+97.5% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, increasing by 29% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 39%. Over the period under review, the average export prices hit record highs 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 export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($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 (-6.7%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Slovakia

In 2022, overseas purchases of frozen pig meat other than cuts or carcases increased by 18% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +43.5% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 85%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Slovakia, with a combined 56% share of total imports. The Czech Republic, Belgium, Denmark, the Netherlands, Spain, Hungary and Austria lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to Slovakia were Poland ($X), Germany ($X) and the Czech Republic ($X), together accounting for 50% of total imports. Italy, Belgium, Denmark, Spain, Hungary, Austria and the Netherlands lagged somewhat behind, together accounting for a further 39%.

Belgium, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, growing by 6.9% against the previous year. In general, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2017 an increase of 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :