Slovakia: Sugar Market 2024

Sugar Market Size in Slovakia

The Slovak sugar market dropped to $X in 2022, falling by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sugar Production in Slovakia

In value terms, sugar production dropped to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of sugar in Slovakia stood at less than X kg per ha in 2022, remaining stable against the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sugar were harvested in Slovakia; remaining relatively unchanged against 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Sugar Exports

Exports from Slovakia

Sugar exports from Slovakia soared to X tons in 2022, jumping by X% on the year before. In general, exports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar exports surged to $X in 2022. Over the period under review, exports, however, saw a dramatic curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Denmark (X tons) and Sweden (X tons) were the main destinations of sugar exports from Slovakia, with a combined X% share of total exports. Romania, Germany, Poland, Hungary and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and the Czech Republic ($X) constituted the largest markets for sugar exported from Slovakia worldwide, together accounting for X% of total exports. Romania, Germany, Hungary, Poland and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugar export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Sweden ($X per ton), while the average price for exports to Poland ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Slovakia

In 2022, sugar imports into Slovakia was estimated at X tons, remaining relatively unchanged against 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar imports rose to $X in 2022. Over the period under review, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of sugar imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar suppliers to Slovakia were the Czech Republic ($X), Austria ($X) and Sweden ($X), with a combined X% share of total imports.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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