Slovakia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Slovakia

After three years of growth, the Slovak market for sweet biscuits, waffles and wafers decreased by X% to $X in 2022. Overall, consumption saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Slovakia

In value terms, sweet biscuit, waffle and wafer production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a slight decrease. Sweet biscuit, waffle and wafer production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Sweet Biscuits, Waffles and Wafers

Exports from Slovakia

In 2022, overseas shipments of sweet biscuits, waffles and wafers increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Slovakia, with a X% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an X% share.

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

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

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

Export Prices by Country

In 2022, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Slovakia

In 2022, sweet biscuit, waffle and wafer imports into Slovakia stood at X tons, growing by X% compared with the year before. 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 was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest sweet biscuit, waffle and wafer supplier to Slovakia, accounting for a X% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) 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: Poland (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Slovakia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. 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 Romania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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