Slovakia: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Slovakia

In 2021, the Slovak non-wheat cereal pellets market decreased by -52.2% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a buoyant expansion. Non-wheat cereal pellets consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Wheat Cereal Pellets Exports

Exports from Slovakia

In 2021, approx. X tons of cereal pellets (excluding wheat) were exported from Slovakia; reducing by -54.5% against the previous year's figure. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 1,880%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets exports declined notably to $X in 2021. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 2,187% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for non-wheat cereal pellets exports from Slovakia, accounting for a 73% share of total exports. Moreover, non-wheat cereal pellets exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fivefold. The third position in this ranking was held by Hungary (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-0.6% per year) and Hungary (+58.0% per year).

In value terms, Germany ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from Slovakia, comprising 82% of total exports. The second position in the ranking was held by Austria ($X), with a 16% share of total exports. It was followed by Hungary, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+10.4% per year) and Hungary (+23.0% per year).

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, increasing by 7.5% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($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 Austria (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Cereal Pellets Imports

Imports into Slovakia

In 2021, overseas purchases of cereal pellets (excluding wheat) decreased by -57.5% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,462% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports contracted dramatically to $X in 2021. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,073%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of non-wheat cereal pellets imports to Slovakia, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +306.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Spain ($X) appeared to be the largest non-wheat cereal pellets suppliers to Slovakia, together comprising 100% of total imports.

Spain, with a CAGR of +257.7%, saw the highest growth rate of the value of imports, among 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 non-wheat cereal pellets import price stood at $X per ton in 2021, growing by 23% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 78%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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