Slovakia: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Slovakia

The Slovak beet-pulp and bagasse market rose slightly to $X in 2022, with an increase of 1.7% against the previous year. In general, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Slovakia

In value terms, beet-pulp and bagasse production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight slump. The growth pace was the most rapid in 2018 with an increase of 38%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Slovakia

In 2022, the amount of beet-pulp and bagasse exported from Slovakia expanded remarkably to X tons, surging by 9.5% against the year before. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 611% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, beet-pulp and bagasse exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 333% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for beet-pulp and bagasse exports from Slovakia, accounting for a 97% share of total exports. It was followed by the Czech Republic (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at +37.4%.

In value terms, Hungary ($X) remains the key foreign market for beet-pulp and bagasse exports from Slovakia, comprising 90% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at +53.6%.

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, surging by 6.2% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 69% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Hungary ($X per ton), while the average price for exports to the Czech Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+11.6%).

Beet-Pulp And Bagasse Imports

Imports into Slovakia

In 2022, approx. X tons of beet-pulp and bagasse were imported into Slovakia; which is down by -1.9% on the year before. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 112% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2022. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 80%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of beet-pulp and bagasse to Slovakia, accounting for a 87% share of total imports. Moreover, beet-pulp and bagasse imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. Poland (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-20.9% per year) and Poland (+9.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of beet-pulp and bagasse to Slovakia, comprising 59% of total imports. The second position in the ranking was held by Ukraine ($X), with an 11% share of total imports. It was followed by Poland, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-10.6% per year) and Poland (+1.8% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, increasing by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. Over the period under review, average import prices attained the peak figure 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 Ukraine ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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