Slovakia: Cereal Germ Market 2024

Cereal Germ Market Size in Slovakia

For the fourth year in a row, the Slovak cereal germ market recorded decline in sales value, which decreased by -97.3% to $X in 2021. Over the period under review, consumption showed a sharp downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cereal Germ Production in Slovakia

In value terms, cereal germ production fell rapidly to $X in 2021 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Cereal germ production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cereal Germ Exports

Exports from Slovakia

In 2021, exports of cereal germ from Slovakia shrank slightly to X tons, falling by -2.4% against the year before. Overall, exports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 6.9%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal germ exports surged to $X in 2021. In general, exports showed a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for cereal germ exports from Slovakia, accounting for a 60% share of total exports. Moreover, cereal germ exports to Hungary exceeded the volume sent to the second major destination, Italy (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-11.7% per year) and Turkey (+14.3% per year).

In value terms, Hungary ($X) remains the key foreign market for cereal germ exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by Italy ($X), with a 22% share of total exports. It was followed by Turkey, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.4% per year) and Turkey (+9.1% per year).

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, rising by 40% against the previous year. Overall, the export price, however, continues to indicate a mild descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Hungary ($X per ton), while the average price for exports to Turkey ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.8%), while the prices for the other major destinations experienced a decline.

Cereal Germ Imports

Imports into Slovakia

In 2021, purchases abroad of cereal germ decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 6,855%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports totaled $X in 2021. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 204% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of cereal germ imports to Slovakia, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +570.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal germ suppliers to Slovakia were Hungary ($X), Poland ($X) and Germany ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +322.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cereal germ import price amounted to $X per ton, increasing by 16% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 1,429% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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