Slovakia: Caramel Market 2024

Caramel Market Size in Slovakia

In 2022, the Slovak caramel market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, continues to indicate a mild slump. Caramel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Caramel Production in Slovakia

In value terms, caramel production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Caramel Exports

Exports from Slovakia

In 2022, overseas shipments of caramel decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, caramel exports amounted to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and France (X tons) were the main destinations of caramel exports from Slovakia, together comprising X% of total exports. The Netherlands, Switzerland, the UK, Belgium, Spain, Italy, Hungary, Austria, Romania and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and France ($X) appeared to be the largest markets for caramel exported from Slovakia worldwide, with a combined X% share of total exports. The Netherlands, Switzerland, the UK, Spain, Belgium, Italy, Hungary, Austria, Ireland and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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 caramel export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Spain ($X per ton), while the average price for exports to 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 recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Slovakia

In 2022, supplies from abroad of caramel decreased by X% to X tons, falling for the second year in a row after six years of growth. In general, imports, however, showed pronounced growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, caramel imports declined significantly to $X in 2022. Overall, imports recorded a mild decrease. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest caramel supplier to Slovakia, with a X% share of total imports. Moreover, caramel imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

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

In value terms, the Czech Republic ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest caramel suppliers to Slovakia, with a combined X% share of total imports. Austria, Germany, France and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average caramel import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was 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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