The objective of the present paper is to examine the effect of certain economic factors on the competitiveness of the Greek meat processing enterprises. The meat sector went through significant changes over the last ten years affecting the structure of the entire industry. Competitiveness will be measured following traditional approaches where profitability and market share account the most. Detailed data from the 2002-2006 balance sheets were used applying econometric procedures. Analysis performed using panel data and three stages least square (3SLS) estimation. The main results show that there is no correlation between profitability and market share. Moreover the way which other factors affect profitability and market share is discussed.