Salted, brined, dried or smoked pork bellies and cuts market in Greece

Earlier Report Observations

The Greek market for salted, brined, dried or smoked pork bellies and cuts saw a contraction in its early period, with total volume declining from 10 529 t in 2018 to 8 995 t in 2020. This reduction was mirrored by a fall in domestic production, which dropped from 10 297 t to 8 794 t over the same span.

A sustained recovery began in 2021, marking the start of a multi-year expansion. Market volume grew consistently, reaching 12 318 t by 2024, which exceeded the 2018 level. Production followed this upward trajectory, climbing to 12 270 t in 2024, while import and export activity remained minimal throughout the entire period.

In value terms, the market displayed a similar pattern, rising from $49.6 million in 2018 to $62.4 million in 2024. The overall trend shifted from an initial downturn to robust growth, with the market volume increasing by over 35% from its 2020 low point.

Production salted, brined, dried or smoked pork bellies and cuts in Greece

In value, 2017-2020, K $ US

In Greece, the output value of salted, brined, dried, or smoked pork bellies and cuts reached $46,258 thousand in 2020, marking a 6.0% increase compared to 2019. Over the 2017-2020 period, production declined by 5.1%, with a compound annual growth rate (CAGR) of 1.7%. The lowest value was recorded in 2019 at $43,636 thousand, while the peak occurred in 2018 at $48,876 thousand. The most significant drop was observed in 2019, with a decrease of 10.7%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, t

In Greece, production of salted, brined, dried, or smoked pork bellies and cuts fell for the third year in a row. In 2020, output totaled 8,794 tonnes, reflecting a modest year-over-year decline of 8.7%. From 2017 to 2020, production decreased by 20.5%, corresponding to a CAGR of 7.4%.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports salted, brined, dried or smoked pork bellies and cuts from Greece

Exports in kind, t

Market behavior during these years was marked by volatility. The lowest export volume was recorded in 2018 at 17.5 tonnes, while the highest was in 2020 at 109.6 tonnes, resulting in a peak-to-trough ratio of 6.3 times. In 2020, Greece exported 109.6 tonnes of salted, brined, dried, or smoked pork bellies and cuts, showing a substantial increase of 202.0% compared to the previous year. The most significant decline occurred in 2018, with a drop of 56.7%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Bulgaria and the United Kingdom consistently represented 96.3% of total exports in volume, highlighting a high level of market concentration, with numerous smaller markets making up the remainder.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

The market displayed an unstable trend over this period. The lowest export value was in 2018 at $82 thousand, while the peak was in 2020 at $435 thousand, creating a top-to-bottom ratio of 5.3 times. In 2020, Greece's exports of salted, brined, dried, or smoked pork bellies and cuts amounted to $435 thousand, indicating a sharp rise of 199.3% from the year before. The largest decline was in 2018, with a decrease of 50.0%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, the United Kingdom and Bulgaria remained the top markets for exports in value terms, together accounting for 95.3% of total flows, while other partners played a minor role.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports salted, brined, dried or smoked pork bellies and cuts to Greece

Imports in kind, t

Following two years of decline, Greece's imports of salted, brined, dried, or smoked pork bellies and cuts increased. In 2020, imports totaled 310.5 tonnes, representing a significant 63.0% rise compared to 2019. Over the 2017-2020 period, imports decreased by 46.9%, with a CAGR of 19.0%. The lowest volume was in 2019 at 190.5 tonnes, and the largest drop occurred in 2018, with a decline of 57.2%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Germany (29.7% of import volume), France (18.4%), and Belgium (16.6%) were the leading contributors to imports in kind, collectively representing 64.6% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Greece's imports of salted, brined, dried, or smoked pork bellies and cuts in value terms rose for the second consecutive year. In 2020, import value reached $1,268 thousand, showing a strong increase of 46.3% from the previous year. Between 2017 and 2020, imports decreased by 12.3%, equivalent to an annualized rate of 4.3%. The lowest value was recorded in 2018 at $778 thousand, and the most significant decline was in 2018, with a drop of 46.2%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017-2020, Germany (35.6% of import value), Italy (16.9%), and France (13.1%) formed the core group of partners for imports in value terms of salted, brined, dried, or smoked pork bellies and cuts to Greece, jointly accounting for 65.5% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020