Slovakia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Slovakia

The Slovak preserved belly cut market stood at $X in 2020, with an increase of X% against the previous year. In general, the total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Preserved Belly Cut Production in Slovakia

In value terms, preserved belly cut production surged to $X in 2020 estimated in export prices. In general, the total production indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2009; however, from 2010 to 2020, production failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Slovakia

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports saw prominent growth. Over the period under review, exports attained the maximum at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, preserved belly cut exports skyrocketed to $X in 2020. In general, exports continue to indicate a noticeable increase. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for preserved belly cut exports from Slovakia, accounting for a X% share of total exports. Moreover, preserved belly cut exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Hungary totaled +X%.

In value terms, Hungary ($X) remains the key foreign market for preserved belly cut exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Hungary totaled +X%.

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic.

Preserved Belly Cut Imports

Imports into Slovakia

In 2020, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third consecutive year after six years of decline. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, preserved belly cut imports shrank to $X in 2020. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Hungary (X tons) constituted the largest supplier of preserved belly cut to Slovakia, accounting for a X% share of total imports. Moreover, preserved belly cut imports from Hungary exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Hungary stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Poland (-X% per year).

In value terms, Hungary ($X), Spain ($X) and Italy ($X) were the largest preserved belly cut suppliers to Slovakia, together accounting for X% of total imports.

In terms of the main suppliers, Hungary recorded 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

The average preserved belly cut import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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