Slovakia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Slovakia

The Slovak chocolate and confectionery market reduced rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2021, and then reduced dramatically in the following year.

Chocolate And Confectionery Production in Slovakia

In value terms, chocolate and confectionery production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production saw a deep 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 hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Chocolate And Confectionery Exports

Exports from Slovakia

In 2022, exports of chocolate and confectionery from Slovakia expanded remarkably to X tons, increasing by X% compared with 2021. Overall, total exports indicated a prominent expansion 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 increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, chocolate and confectionery exports soared to $X in 2022. The total export 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 in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main destinations of chocolate and confectionery exports from Slovakia, with a combined X% share of total exports. Hungary, Austria, Russia, Bulgaria, Belgium, the UK, Lithuania, France, the Netherlands and Croatia lagged somewhat behind, together comprising a further X%.

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

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for chocolate and confectionery exported from Slovakia worldwide, together accounting for X% of total exports. Hungary, Austria, Russia, Belgium, the UK, Bulgaria, France, Croatia, Lithuania and the Netherlands lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, recorded 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 chocolate and confectionery export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Lithuania ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Slovakia

In 2022, purchases abroad of chocolate and confectionery decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated a buoyant expansion 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, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, chocolate and confectionery imports dropped to $X in 2022. Overall, total imports indicated a prominent 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 2018 indices. 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 2021, and then declined modestly in the following year.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of chocolate and confectionery imports to Slovakia, together accounting for X% of total imports. The Netherlands, Poland, Belgium, Bulgaria, Austria, France and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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