Report Update: Apr 1, 2024

Slovakia - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Ketchup Price in Slovakia - 2023

Tomato Ketchup Price in Slovakia (CIF) - 2023

The average tomato ketchup import price stood at $1,686 per ton in July 2023, waning by -3.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 11% month-to-month. The import price peaked at $1,749 per ton in June 2023, and then contracted in the following month.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Poland ($1,769 per ton) and the Czech Republic ($1,710 per ton), while the price for Croatia ($1,220 per ton) and Italy ($1,424 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Ketchup Price in Slovakia (FOB) - 2023

In August 2023, the average tomato ketchup export price amounted to $2,163 per ton, dropping by -6.2% against the previous month. In general, export price indicated perceptible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, tomato ketchup export price decreased by -1.7% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 41% month-to-month. The export price peaked at $2,567 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Germany ($3,827 per ton), while the average price for exports to the Czech Republic ($1,693 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports in Slovakia

In 2022, supplies from abroad of tomato ketchup and tomato sauces decreased by -11.4% to 9.4K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tomato ketchup imports contracted to $12M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22%.

Import of Tomato Ketchup in Slovakia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	4.5	4.8	4.4	4.2	-2.3%
Austria	0.9	1.2	1.1	1.8	26.0%
Poland	1.2	1.8	2.7	1.7	12.3%
Netherlands	N/A	0.7	0.8	1.1	25.4%
Croatia	0.1	0.4	0.9	1.1	122.4%
Italy	1.0	0.8	0.6	0.7	-11.2%
Germany	0.2	0.3	0.7	0.4	26.0%
Hungary	1.3	1.5	0.7	0.2	-46.4%
Others	1.0	1.0	0.9	0.8	-7.2%
Total	10.2	12.5	12.8	12.0	5.6%

Top Suppliers of Tomato Ketchup to Slovakia in 2022:

Czech Republic (3.8K tons)
Poland (1.5K tons)
Austria (1.3K tons)
Croatia (1.3K tons)
Netherlands (0.5K tons)
Italy (0.4K tons)
Germany (0.2K tons)
Hungary (0.1K tons)

Tomato Ketchup Exports in Slovakia

In 2022, shipments abroad of tomato ketchup and tomato sauces decreased by -16.2% to 992 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 199% against the previous year. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato ketchup exports shrank markedly to $1.6M in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 288% against the previous year. As a result, the exports reached the peak of $2.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Tomato Ketchup in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	683	2,718	1,674	1,143	18.7%
Hungary	4.1	19.0	114	133	218.9%
Romania	37.8	52.3	67.7	68.5	21.9%
Others	24.5	121	203	241	114.3%
Total	750	2,910	2,058	1,586	28.4%

Top Export Markets for Tomato Ketchup from Slovakia in 2022:

Czech Republic (880.2 tons)
Hungary (69.1 tons)
Romania (4.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup 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 10841230 - Tomato ketchup and other tomato sauces

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023