Slovakia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Slovakia

The Slovak market for salted, dried or smoked meat, and offal was estimated at $X in 2022, increasing by 11% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Slovakia

In value terms, production of salted, dried or smoked meat, and offal surged to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Slovakia

In 2022, approx. X tons of salted, dried or smoked meat, and offal were exported from Slovakia; shrinking by -24.6% on 2021 figures. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 131%. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal dropped remarkably to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of 91%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Slovakia, with a 76% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-14.0% per year) and Poland (+80.3% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Slovakia, comprising 73% of total exports. The second position in the ranking was held by Hungary ($X), with a 17% share of total exports. It was followed by Poland, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-10.5% per year) and Poland (+71.2% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 Spain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Slovakia

In 2022, imports of salted, dried or smoked meat, and offal into Slovakia contracted to X tons, reducing by -9.1% compared with the previous year. Over the period under review, imports recorded a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 57% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal fell dramatically to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped notably in the following year.

Imports by Country

The Czech Republic (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Slovakia, together comprising 61% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Brazil ($X) appeared to be the largest salted, dried or smoked meat, and offal suppliers to Slovakia, with a combined 61% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +48.5%, recorded the highest rates of growth with regard to 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 import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, shrinking by -11.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 an increase of 20%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform