Eastern Europe: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Eastern Europe

The East European fresh pork carcase market rose notably to $X in 2022, surging by 5.6% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Fresh Pork Carcase Production in Eastern Europe

In value terms, fresh pork carcase production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Russia (X tons) constituted the country with the largest volume of fresh pork carcase production, comprising approx. 71% of total volume. Moreover, fresh pork carcase production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), sevenfold. Hungary (X tons) ranked third in terms of total production with a 4.7% share.

In Russia, fresh pork carcase production increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+1.9% per year) and Hungary (-1.5% per year).

Fresh Pork Carcase Exports

Exports in Eastern Europe

In 2022, the amount of fresh or chilled carcases of pig meat exported in Eastern Europe shrank to X tons, declining by -9.6% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 22%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh pork carcase exports stood at $X in 2022. In general, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 34% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Poland (X tons), Russia (X tons) and Hungary (X tons), together reaching 76% of total export. The Czech Republic (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (9.6%). The following exporters - Estonia (X tons) and Bulgaria (X tons) - each finished at a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of +14.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, together comprising 75% of total exports. Slovakia, the Czech Republic, Estonia and Bulgaria lagged somewhat behind, together comprising a further 24%.

Bulgaria, with a CAGR of +14.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 11% against the previous year. Overall, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and Hungary ($X per ton), while Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.6%), while the other leaders experienced a decline in the export price figures.

Fresh Pork Carcase Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas purchases of fresh or chilled carcases of pig meat, when their volume decreased by -7% to X tons. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, fresh pork carcase imports expanded notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Poland was the key importer of fresh or chilled carcases of pig meat in Eastern Europe, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2022. Romania (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (11%), the Czech Republic (9.8%) and Lithuania (4.8%). Hungary (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, Slovakia (+9.7%) and Romania (+9.2%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +9.7% from 2012-2022. Bulgaria and the Czech Republic experienced a relatively flat trend pattern. By contrast, Lithuania (-2.5%) and Hungary (-7.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Slovakia and Poland increased by +8.1, +6.5 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in Eastern Europe, comprising 45% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by the Czech Republic, with an 11% share.

In Poland, fresh pork carcase imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Romania (+9.3% per year) and the Czech Republic (-0.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Romania ($X per ton), while Hungary ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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