Slovakia: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Slovakia

The Slovak refined maize oil market rose to $X in 2022, picking up by X% against the previous year. In general, consumption saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Refined maize oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Maize Oil Production in Slovakia

In value terms, refined maize oil production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Refined Maize Oil Exports

Exports from Slovakia

Refined maize oil exports from Slovakia fell markedly to X kg in 2022, declining by X% on the previous year's figure. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined maize oil exports plummeted to $X in 2022. In general, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X kg) was the main destination for refined maize oil exports from Slovakia, accounting for a X% share of total exports. Moreover, refined maize oil exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X kg), more than tenfold.

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

In value terms, Hungary ($X) emerged as the key foreign market for refined maize (corn) oil exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

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

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Maize Oil Imports

Imports into Slovakia

In 2022, the amount of refined maize (corn) oil imported into Slovakia contracted significantly to X kg, shrinking by X% against 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, refined maize oil imports declined remarkably to $X in 2022. Overall, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X kg) constituted the largest supplier of refined maize oil to Slovakia, accounting for a X% share of total imports. Moreover, refined maize oil imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X kg), sixfold. Spain (X kg) ranked third in terms of total imports with an 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: Austria (X% per year) and Spain (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of refined maize (corn) oil to Slovakia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Austria (X% per year).

Import Prices by Country

The average refined maize oil import price stood at $X per kg in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a sharp downturn. Over the period under review, average import prices reached the peak figure at $X per kg in 2012; however, from 2013 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 Spain ($X per kg), while the price for Austria ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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