Slovakia: Animal Feed Market 2024

Animal Feed Market Size in Slovakia

The Slovak animal feed market surged to $X in 2022, rising by 23% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal feed consumption peaked in 2022 and is expected to retain growth in the near future.

Animal Feed Production in Slovakia

In value terms, animal feed production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +103.6% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Animal Feed Exports

Exports from Slovakia

In 2022, overseas shipments of animal and pet feed were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate strong growth. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal feed exports skyrocketed to $X in 2022. In general, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for animal feed exports from Slovakia, accounting for a 66% share of total exports. Moreover, animal feed exports to Hungary exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+134.2% per year) and the Czech Republic (-8.1% per year).

In value terms, Hungary ($X) emerged as the key foreign market for animal and pet feed exports from Slovakia, comprising 56% of total exports. The second position in the ranking was taken by Romania ($X), with a 23% share of total exports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+129.6% per year) and the Czech Republic (+1.1% per year).

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, with a decrease of -51.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 146% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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 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 (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Slovakia

In 2022, supplies from abroad of animal and pet feed decreased by -21.6% to X tons, falling for the sixth year in a row after five years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, animal feed imports declined to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 25%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of animal feed to Slovakia, with a 44% share of total imports. Moreover, animal feed imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+10.4% per year) and Poland (-0.3% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of animal and pet feed to Slovakia, comprising 32% of total imports. The second position in the ranking was taken by Hungary ($X), with an 11% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+8.1% per year) and Germany (+7.7% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked 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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :