Slovakia: Cereal Market 2024

Cereal Market Size in Slovakia

In 2022, the Slovak cereal market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Cereal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cereal Production in Slovakia

In value terms, cereal production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Cereal production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average cereal yield in Slovakia stood at X tons per ha, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average cereal yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in Slovakia rose to X ha, growing by X% against the year before. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The cereal harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cereal Exports

Exports from Slovakia

In 2022, approx. X tons of cereals were exported from Slovakia; increasing by X% compared with 2021. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, cereal exports soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Austria (X tons) and Italy (X tons) were the main destinations of cereal exports from Slovakia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Austria ($X) and Italy ($X) were the largest markets for cereal exported from Slovakia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average cereal export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Slovakia

In 2022, overseas purchases of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal imports surged to $X in 2022. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest cereal supplier to Slovakia, with a X% share of total imports. Moreover, cereal imports from Ukraine exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Hungary (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of cereals to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Poland (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Hungary ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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