Slovakia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Slovakia

In 2022, the Slovak cheese and curd market increased by 49% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Production in Slovakia

In value terms, cheese and curd production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -35.4% against 2020 indices. Cheese and curd production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports from Slovakia

In 2022, cheese and curd exports from Slovakia expanded rapidly to X tons, increasing by 8.8% compared with the previous year. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +13.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cheese and curd exports skyrocketed to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +105.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of cheese and curd exports from Slovakia, together comprising 70% of total exports. The UK, Belgium, the Netherlands, France and Italy lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +91.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from Slovakia were the Czech Republic ($X), Hungary ($X) and Germany ($X), together accounting for 67% of total exports. The UK, the Netherlands, Belgium, France and Italy lagged somewhat behind, together comprising a further 29%.

The Netherlands, with a CAGR of +91.9%, 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

The average cheese and curd export price stood at $X per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Slovakia

Cheese and curd imports into Slovakia skyrocketed to X tons in 2022, picking up by 37% on the previous year. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd imports skyrocketed to $X in 2022. Over the period under review, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to Slovakia, with a combined 36% share of total imports. Italy, the Netherlands, France, Austria and Hungary lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Germany ($X) were the largest cheese and curd suppliers to Slovakia, with a combined 32% share of total imports. The Netherlands, Italy, France, Austria and Hungary lagged somewhat behind, together comprising a further 8.8%.

The Netherlands, with a CAGR of +40.0%, recorded the highest rates of growth with regard to 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 cheese and curd import price stood at $X per ton in 2022, with an increase of 26% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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