Slovakia: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Slovakia

The Slovak concentrated orange juice market contracted to $X in 2021, which is down by -7.6% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.0% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Concentrated Orange Juice Production in Slovakia

In value terms, concentrated orange juice production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.1% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Concentrated Orange Juice Exports

Exports from Slovakia

In 2021, shipments abroad of concentrated orange juice decreased by -42.2% to X tons, falling for the fourth year in a row after two years of growth. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports fell notably to $X in 2021. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for concentrated orange juice exports from Slovakia, with a 71% share of total exports. Moreover, concentrated orange juice exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to -31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-26.6% per year) and Austria (-13.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for concentrated orange juice exports from Slovakia, comprising 89% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-27.5% per year) and Austria (-13.2% per year).

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, rising by 8.3% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated orange juice export price increased by +118.8% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Orange Juice Imports

Imports into Slovakia

In 2021, imports of concentrated orange juice into Slovakia shrank dramatically to X tons, which is down by -15.6% against the year before. Overall, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated orange juice imports reduced to $X in 2021. In general, imports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 20%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of concentrated orange juice imports to Slovakia, together accounting for 87% of total imports. Austria, Romania, Italy, the Netherlands, Poland and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +687.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of concentrated orange juice to Slovakia, comprising 46% of total imports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total imports. It was followed by Germany, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+134.2% per year) and Germany (+8.8% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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