Slovakia: Peanut Butter Market 2024

Peanut Butter Market Size in Slovakia

After two years of growth, the Slovak peanut butter market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated pronounced growth 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, consumption increased by X% against 2019 indices. Peanut butter consumption peaked at $X in 2021, and then fell modestly in the following year.

Peanut Butter Production in Slovakia

In value terms, peanut butter production contracted to $X in 2022 estimated in export price. In general, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Peanut Butter Exports

Exports from Slovakia

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were exported from Slovakia; flattening at 2021 figures. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, peanut butter exports declined slightly to $X in 2022. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for peanut butter exports from Slovakia, accounting for a X% share of total exports. Moreover, peanut butter exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), sevenfold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Poland (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with an X% share of total exports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Romania (X% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood 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 Romania ($X per ton), while the average price for exports to Poland ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Slovakia

For the fourth consecutive year, Slovakia recorded growth in purchases abroad of peanut butter and prepared or preserved groundnuts, which increased by X% to X tons in 2022. 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%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, peanut butter imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest peanut butter supplier to Slovakia, accounting for a X% share of total imports. Moreover, peanut butter imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Slovakia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform