Slovakia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Slovakia

The Slovak whole fresh milk market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Whole fresh milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Whole Fresh Milk Production in Slovakia

In value terms, whole fresh milk production declined to $X in 2022 estimated in export price. Overall, production, however, showed a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Slovakia

In 2022, shipments abroad of whole fresh milk was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, whole fresh milk exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of whole fresh milk exports from Slovakia, with a combined X% share of total exports. Poland, Bulgaria and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the largest markets for whole fresh milk exported from Slovakia worldwide, together accounting for X% of total exports. Poland, Bulgaria and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Bulgaria, 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

The average whole fresh milk export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

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

Whole Fresh Milk Imports

Imports into Slovakia

In 2022, purchases abroad of whole fresh milk increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports soared to $X in 2022. Over the period under review, total imports indicated a strong increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of whole fresh milk 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 whole fresh milk suppliers to Slovakia were the Czech Republic ($X), Hungary ($X) and Austria ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Poland ($X per ton), while the price for Hungary ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :