Price for Homogenised Composite Food Preparations in Slovakia - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Slovakia (FOB) - 2022
2. Price for Homogenised Composite Food Preparations in Slovakia (CIF) - 2023
3. Exports of Homogenised Composite Food Preparations in Slovakia
4. Imports of Homogenised Composite Food Preparations in Slovakia

Price for Homogenised Composite Food Preparations in Slovakia (FOB) - 2022

In 2022, the average homogenised composite food preparations export price amounted to $5,461 per ton, rising by 9.4% against the previous year. Overall, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,998 per ton in 2012; however, from 2013 to 2022, 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 Austria ($6,915 per ton), while the average price for exports to the Netherlands ($3,926 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 Slovenia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Homogenised Composite Food Preparations in Slovakia (CIF) - 2023

In March 2023, the average homogenised composite food preparations import price amounted to $4,101 per ton, rising by 2.2% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in April 2022 an increase of 26% month-to-month. Over the period under review, average import prices reached the maximum at $4,228 per ton in May 2022; however, from June 2022 to March 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the Czech Republic ($4,481 per ton), while the price for Hungary ($2,788 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Homogenised Composite Food Preparations in Slovakia

Homogenised composite food preparations exports from Slovakia totaled 11K tons in 2022, growing by 2.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, homogenised composite food preparations exports rose notably to $58M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Homogenised Composite Food Preparations from Slovakia in 2022:

1. Poland (7.6K tons)
2. Austria (1.0K tons)
3. Czech Republic (0.9K tons)
4. Slovenia (0.8K tons)
5. Netherlands (0.2K tons)

Imports of Homogenised Composite Food Preparations in Slovakia

For the fourth consecutive year, Slovakia recorded growth in supplies from abroad of homogenised composite food preparationses, which increased by 4.5% to 1.5K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, homogenised composite food preparations imports rose notably to $5.3M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Slovakia in 2022:

1. Czech Republic (897.5 tons)
2. Hungary (324.7 tons)
3. Germany (172.6 tons)
4. Sweden (57.0 tons)
5. Spain (24.6 tons)