Slovakia: Sausage Market 2024

Sausage Market Size in Slovakia

The Slovak sausage market stood at $X in 2021, rising by 3.9% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Sausage consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sausage Production in Slovakia

In value terms, sausage production rose to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Sausage Exports

Exports from Slovakia

In 2021, shipments abroad of sausages and similar products of meat decreased by -10.5% to X tons, falling for the second consecutive year after eight years of growth. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 50% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sausage exports declined to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 17% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Hungary (X tons) was the main destination for sausage exports from Slovakia, with a 87% share of total exports. Moreover, sausage exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+0.9% per year) and Poland (+41.9% per year).

In value terms, Hungary ($X) remains the key foreign market for sausages and similar products of meat exports from Slovakia, comprising 85% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-4.6% per year) and Poland (+38.2% per year).

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, rising by 5.9% against the previous year. Overall, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-2.6%), while the prices for the other major destinations experienced a decline.

Sausage Imports

Imports into Slovakia

In 2021, purchases abroad of sausages and similar products of meat decreased by -6.5% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.0% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 13%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, sausage imports dropped to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest sausage supplier to Slovakia, accounting for a 56% share of total imports. Moreover, sausage imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.0% per year) and Hungary (+23.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sausages and similar products of meat to Slovakia, comprising 53% of total imports. The second position in the ranking was taken by Hungary ($X), with a 16% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+21.6% per year) and Poland (+10.7% per year).

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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