Slovakia: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Slovakia

The Slovak breakfast cereal market rose sharply to $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Breakfast Cereal Production in Slovakia

In value terms, breakfast cereal production fell notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Breakfast cereal production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports from Slovakia

In 2021, approx. X tons of breakfast cereals were exported from Slovakia; dropping by -X% against the previous year's figure. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped rapidly in the following year.

In value terms, breakfast cereal exports contracted notably to $X in 2021. Over the period under review, exports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Russia (X tons) were the main destinations of breakfast cereal exports from Slovakia, with a combined X% share of total exports. These countries were followed by Austria, Poland, Lithuania and Slovenia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for breakfast cereal exported from Slovakia were the Czech Republic ($X), Hungary ($X) and Russia ($X), with a combined X% share of total exports. Slovenia, Poland, Austria and Lithuania lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded 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 2021, the average breakfast cereal export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Breakfast Cereal Imports

Imports into Slovakia

After four years of growth, purchases abroad of breakfast cereals decreased by -X% to X tons in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell in the following year.

In value terms, breakfast cereal imports expanded remarkably to $X in 2021. Overall, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest breakfast cereal supplier to Slovakia, with a X% share of total imports. Moreover, breakfast cereal imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and Germany (+X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of breakfast cereal to Slovakia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Hungary ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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