Slovakia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Slovakia

In 2022, the Slovak animal or vegetable fertilisers market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a deep setback. Animal or vegetable fertilisers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Animal Or Vegetable Fertilisers in Slovakia

In value terms, animal or vegetable fertilisers production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated a remarkable 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Animal or vegetable fertilisers production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Slovakia

After three years of growth, shipments abroad of animal or vegetable fertilisers decreased by X% to X tons in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted significantly in the following year.

In value terms, animal or vegetable fertilisers exports shrank markedly to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Hungary (X tons), Switzerland (X tons) and Ukraine (X tons) were the main destinations of animal or vegetable fertilisers exports from Slovakia, with a combined X% share of total exports.

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

In value terms, the largest markets for animal or vegetable fertilisers exported from Slovakia were Kenya ($X), Hungary ($X) and Ukraine ($X), with a combined X% share of total exports.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to 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 animal or vegetable fertilisers export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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, animal or vegetable fertilisers export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Austria ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Animal Or Vegetable Fertilisers

Imports into Slovakia

In 2022, overseas purchases of animal or vegetable fertilisers increased by X% to X tons, rising for the fifth year in a row after three years of decline. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, animal or vegetable fertilisers imports contracted modestly to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest animal or vegetable fertilisers supplier to Slovakia, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

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

In value terms, the largest animal or vegetable fertilisers suppliers to Slovakia were the Czech Republic ($X), the Netherlands ($X) and Hungary ($X), with a combined X% share of total imports.

The Netherlands, 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 animal or vegetable fertilisers import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($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 Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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