Slovakia: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Slovakia

The Slovak breakfast cereal market rose sharply to $X in 2022, surging by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Slovakia

In value terms, breakfast cereal production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Breakfast Cereal Exports

Exports from Slovakia

Breakfast cereal exports from Slovakia skyrocketed to X tons in 2022, jumping by X% on the year before. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, breakfast cereal exports soared to $X in 2022. In general, exports saw a tangible expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Romania (X tons) were the main destinations of breakfast cereal exports from Slovakia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Russia ($X) constituted the largest markets for breakfast cereal exported from Slovakia worldwide, with a combined X% share of total exports. Austria, Romania, Poland, Lithuania and Belarus lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Slovakia

In 2022, the amount of breakfast cereals imported into Slovakia reached X tons, flattening at 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, breakfast cereal imports expanded slightly to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of breakfast cereal to Slovakia, with a X% share of total imports. Moreover, breakfast cereal imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of breakfast cereals to Slovakia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average breakfast cereal import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hungary ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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