Greece: Sausage Market 2024

Sausage Market Size in Greece

In 2022, the Greek sausage market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sausage Production in Greece

In value terms, sausage production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Sausage Exports

Exports from Greece

For the seventh year in a row, Greece recorded growth in overseas shipments of sausages and similar products of meat, which increased by X% to X tons in 2022. In general, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sausage exports rose significantly to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Germany (X tons) were the main destinations of sausage exports from Greece, with a combined X% share of total exports. The UK, Romania, Belgium and Albania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sausage exported from Greece were Cyprus ($X), Bulgaria ($X) and Germany ($X), with a combined X% share of total exports. The UK, Romania, Belgium and Albania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sausage export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($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 Albania (X%), while the prices for the other major destinations experienced a decline.

Sausage Imports

Imports into Greece

In 2022, overseas purchases of sausages and similar products of meat were finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sausage imports declined to $X in 2022. In general, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of sausage imports to Greece, together comprising X% of total imports. Poland, the Czech Republic, Bulgaria, the UK and Denmark 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 the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the largest sausage suppliers to Greece, with a combined X% share of total imports. Poland, the Czech Republic, Bulgaria, the UK and Denmark lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sausage import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 Germany ($X per ton), while the price for the UK ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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