Slovakia: Soya Sauce Market 2024

Soya Sauce Market Size in Slovakia

The Slovak soya sauce market amounted to $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Soya Sauce Production in Slovakia

In value terms, soya sauce production dropped rapidly to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Soya sauce production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Soya Sauce Exports

Exports from Slovakia

In 2022, soya sauce exports from Slovakia shrank to X tons, with a decrease of X% against 2021. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, soya sauce exports totaled $X in 2022. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

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

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 Austria (X% per year).

In value terms, Hungary ($X) remains the key foreign market for soya sauce exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

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

Export Prices by Country

The average soya sauce export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded growth in overseas purchases of soya sauce, which increased by X% to X tons in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, soya sauce imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of soya sauce to Slovakia, with a X% share of total imports. Moreover, soya sauce imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of soya sauce to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 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 failed to regain momentum.

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 Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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