Slovakia - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Slovakia - 2023
Contents:
- Soups Price in Slovakia (FOB) - 2023
- Soups Price in Slovakia (CIF) - 2023
- Soups Exports in Slovakia
- Soups Imports in Slovakia
Soups Price in Slovakia (FOB) - 2023
The average soups export price stood at $4,561 per ton in June 2023, flattening at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,637 per ton in April 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($5,828 per ton), while the average price for exports to Romania ($3,046 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in Slovakia (CIF) - 2023
In June 2023, the average soups import price amounted to $5,117 per ton, growing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices attained the maximum in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($7,264 per ton), while the price for Germany ($2,681 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in Slovakia
In 2022, after three years of growth, there was decline in shipments abroad of soups and broths, when their volume decreased by -0.7% to 18K tons. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports attained the peak of 18K tons, leveling off in the following year.
In value terms, soups exports stood at $70M in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Soups in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.4 | 5.1 | 24.4 | 26.8 | 167.5% |
| Czech Republic | 3.4 | 4.2 | 8.1 | 9.9 | 42.8% |
| Hungary | 5.5 | 6.1 | 5.8 | 5.9 | 2.4% |
| Netherlands | 1.9 | 2.5 | 5.7 | 5.4 | 41.6% |
| Austria | 2.7 | 2.3 | 2.2 | 2.3 | -5.2% |
| Greece | 3.0 | 3.1 | 2.0 | 2.2 | -9.8% |
| Bulgaria | 2.1 | 2.4 | 2.0 | 2.2 | 1.6% |
| Finland | 1.5 | 1.9 | 1.8 | 1.8 | 6.3% |
| Spain | 1.4 | 1.7 | 2.3 | 1.8 | 8.7% |
| Romania | 1.7 | 1.9 | 1.8 | 1.7 | 0.0% |
| Italy | 1.9 | 2.1 | 1.8 | 1.4 | -9.7% |
| Lithuania | 1.5 | 1.7 | 1.6 | 1.4 | -2.3% |
| Cyprus | N/A | N/A | 1.1 | 1.4 | 27.3% |
| Others | 4.8 | 5.4 | 4.7 | 5.5 | 4.6% |
| Total | 32.6 | 40.4 | 65.0 | 69.9 | 28.9% |
Top Export Markets for Soups from Slovakia in 2022:
- France (6.9K tons)
- Czech Republic (2.4K tons)
- Netherlands (1.5K tons)
- Hungary (1.4K tons)
- Romania (0.7K tons)
- Bulgaria (0.7K tons)
- Greece (0.6K tons)
- Spain (0.6K tons)
- Italy (0.5K tons)
- Lithuania (0.5K tons)
- Austria (0.5K tons)
- Finland (0.4K tons)
- Cyprus (0.4K tons)
Soups Imports in Slovakia
In 2022, supplies from abroad of soups and broths decreased by -1.7% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of 3.6K tons, and then dropped modestly in the following year.
In value terms, soups imports expanded sharply to $14M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Soups in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 4.6 | 4.7 | 9.3 | 10.2 | 30.4% |
| Poland | 0.9 | 1.4 | 1.5 | 2.2 | 34.7% |
| Spain | 0.8 | 0.4 | 1.1 | 0.3 | -27.9% |
| Germany | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 1.3 | 0.8 | 0.9 | 0.9 | -11.5% |
| Total | 7.9 | 7.5 | 12.9 | 13.7 | 20.1% |
Top Suppliers of Soups to Slovakia in 2022:
- Czech Republic (2301.4 tons)
- Poland (867.4 tons)
- Germany (80.2 tons)
- Spain (58.2 tons)
This report provides an in-depth analysis of the soups market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10891100 - Soups and broths and preparations therefor
Country coverage:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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