Slovakia: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Slovakia

In 2022, after two years of growth, there was significant decline in the Slovak market for fresh or chilled cuts of turkey, when its value decreased by -29.2% to $X. Over the period under review, consumption continues to indicate a mild downturn. Over the period under review, the market reached the peak level at $X in 2021, and then fell rapidly in the following year.

Production of Fresh Or Chilled Cuts Of Turkey in Slovakia

In value terms, fresh or chilled turkey cut production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Exports of Fresh Or Chilled Cuts Of Turkey

Exports from Slovakia

In 2022, approx. X tons of fresh or chilled cuts of turkey were exported from Slovakia; reducing by -19.1% against the previous year. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 411%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled turkey cut exports rose to $X in 2022. Overall, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2018 with an increase of 913%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for fresh or chilled turkey cut exports from Slovakia, accounting for a 90% share of total exports. Moreover, fresh or chilled turkey cut exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. Austria (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at -26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-20.0% per year) and Austria (-46.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for fresh or chilled cuts of turkey exports from Slovakia, comprising 92% of total exports. The second position in the ranking was taken by Poland ($X), with a 5.1% share of total exports. It was followed by Austria, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at -31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-29.3% per year) and Austria (-45.3% per year).

Export Prices by Country

The average export price for fresh or chilled cuts of turkey stood at $X per ton in 2022, increasing by 27% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 98% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($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 Austria (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into Slovakia

In 2022, approx. X tons of fresh or chilled cuts of turkey were imported into Slovakia; falling by -50.4% compared with 2021. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports declined markedly to $X in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 30%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest fresh or chilled turkey cut supplier to Slovakia, accounting for a 69% share of total imports. Moreover, fresh or chilled turkey cut imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.6% per year) and the Czech Republic (-24.9% per year).

In value terms, Hungary ($X) constituted the largest supplier of fresh or chilled cuts of turkey to Slovakia, comprising 70% of total imports. The second position in the ranking was taken by Poland ($X), with a 28% share of total imports. It was followed by Austria, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.9% per year) and Austria (-31.0% per year).

Import Prices by Country

The average import price for fresh or chilled cuts of turkey stood at $X per ton in 2022, picking up by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 an increase of 41%. The import price peaked at $X per ton in 2014; however, from 2015 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 Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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