Slovakia: Caramel Market 2022

Caramel Market Size in Slovakia

The Slovak caramel market was finally on the rise to reach $X in 2020, after four years of decline. Over the period under review, consumption, however, showed a pronounced slump. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. Caramel consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Production in Slovakia

In value terms, caramel production skyrocketed to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Caramel Exports

Exports from Slovakia

For the third consecutive year, Slovakia recorded growth in overseas shipments of caramel, which increased by X% to X tons in 2020. Overall, total exports indicated a buoyant increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caramel exports soared to $X in 2020. Over the period under review, total exports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Poland (X tons) and Switzerland (X tons) were the main destinations of caramel exports from Slovakia, with a combined X% share of total exports. France, the UK, Spain, Italy, Hungary, Austria, the Netherlands, Turkey, Ireland and Belgium lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Austria (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caramel exported from Slovakia were Germany ($X), Poland ($X) and Switzerland ($X), with a combined X% share of total exports. These countries were followed by France, the UK, Spain, Italy, Hungary, Austria, the Netherlands, Ireland, Turkey and Belgium, which together accounted for a further X the main countries of destination, Austria (+X% per year) saw the highest growth rate of 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

In 2020, the average caramel export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Slovakia

In 2020, supplies from abroad of caramel increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, caramel imports skyrocketed to $X in 2020. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the Czech Republic (X tons) constituted the largest caramel supplier to Slovakia, accounting for a X% share of total imports. Moreover, caramel imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Czech Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and the Netherlands (+X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of caramel to Slovakia, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the Czech Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Hungary (+X% per year).

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Hungary ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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