Slovakia: Meat Market 2024

Meat Market Size in Slovakia

In 2022, the Slovak meat market increased by X% to $X, rising for the seventh year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Meat consumption peaked in 2022 and is expected to retain growth in the near future.

Meat Production in Slovakia

In value terms, meat production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of meat in Slovakia stood at X kg per head, almost unchanged from 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X%. Over the period under review, the average meat yield hit record highs in 2022 and is likely to continue growth in the immediate term.

In 2022, number of animals slaughtered for meat production in Slovakia was estimated at X heads, leveling off at 2021. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The number of animals slaughtered for meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Slovakia

In 2022, approx. X tons of meat were exported from Slovakia; falling by X% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports declined to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum 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 meat exports from Slovakia, accounting for a X% share of total exports. Moreover, meat exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Poland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

In value terms, Hungary ($X) remains the key foreign market for meat exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Meat Imports

Imports into Slovakia

For the third year in a row, Slovakia recorded growth in supplies from abroad of meat, which increased by X% to X tons in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, meat imports rose rapidly to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of meat imports to Slovakia, together accounting for X% of total imports. Spain, Belgium, Austria, Hungary, Denmark and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the Czech Republic ($X), Poland ($X) and Germany ($X) were the largest meat suppliers to Slovakia, with a combined X% share of total imports. Spain, Austria, Hungary, Belgium, Denmark and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw 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

In 2022, the average meat import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. 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 Hungary ($X per ton), while the price for Denmark ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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