Slovenia: Peanut Butter Market 2024

Peanut Butter Market Size in Slovenia

In 2022, the Slovene peanut butter market decreased by X% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption saw a moderate increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peanut Butter Production in Slovenia

In value terms, peanut butter production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Peanut butter production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Peanut Butter Exports

Exports from Slovenia

For the fifth year in a row, Slovenia recorded growth in shipments abroad of peanut butter and prepared or preserved groundnuts, which increased by X% to X tons in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, peanut butter exports expanded rapidly to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for peanut butter exports from Slovenia, accounting for a X% share of total exports. Moreover, peanut butter exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for peanut butter exported from Slovenia were Germany ($X), Austria ($X) and Croatia ($X), together accounting for X% of total exports.

Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 peanut butter export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Slovenia

In 2022, the amount of peanut butter and prepared or preserved groundnuts imported into Slovenia expanded sharply to X tons, picking up by X% against 2021 figures. Over the period under review, total imports indicated a strong expansion 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. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, peanut butter imports contracted to $X in 2022. In general, total imports indicated a pronounced expansion 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 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of peanut butter imports to Slovenia, with a combined X% share of total imports. Austria, Croatia, Hungary, Slovakia and Argentina lagged somewhat behind, together accounting for a further X%.

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 peanut butter suppliers to Slovenia were Germany ($X), Italy ($X) and Poland ($X), with a combined X% share of total imports. Austria, Croatia, Hungary, Slovakia and Argentina lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded 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 remained at a lower figure.

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 Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform