Slovakia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Slovakia

The Slovak chocolate and confectionery market fell significantly to $X in 2022, dropping by -95.1% against the previous year. In general, consumption continues to indicate a precipitous shrinkage. Chocolate and confectionery consumption peaked at $X in 2021, and then declined notably in the following year.

Chocolate And Confectionery Production in Slovakia

In value terms, chocolate and confectionery production amounted to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 21%. Chocolate and confectionery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Slovakia

In 2022, approx. X tons of chocolate and confectionery were exported from Slovakia; increasing by 13% against the year before. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +39.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chocolate and confectionery exports surged to $X in 2022. The total export value increased at an average annual rate of +5.4% 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 2016 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main destinations of chocolate and confectionery exports from Slovakia, with a combined 48% share of total exports. Hungary, Austria, Russia, Bulgaria, Belgium, the UK, Lithuania, France, the Netherlands and Croatia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +54.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for chocolate and confectionery exported from Slovakia worldwide, together accounting for 47% of total exports. Hungary, Austria, Russia, Belgium, the UK, Bulgaria, France, Croatia, Lithuania and the Netherlands lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Croatia, with a CAGR of +58.9%, 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

The average chocolate and confectionery export price stood at $X per ton in 2022, picking up by 3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Lithuania ($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 Croatia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Slovakia

In 2022, after four years of growth, there was significant decline in purchases abroad of chocolate and confectionery, when their volume decreased by -13.7% to X tons. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, chocolate and confectionery imports dropped notably to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value 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, imports decreased by +0.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of chocolate and confectionery imports to Slovakia, with a combined 46% share of total imports. Belgium, Bulgaria, Hungary, Austria, the Netherlands, Switzerland, France, the UK, Sweden and Romania lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +57.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) were the largest chocolate and confectionery suppliers to Slovakia, with a combined 42% share of total imports. Bulgaria, Hungary, Belgium, Austria, Switzerland, the Netherlands, Romania, France, the UK and Sweden lagged somewhat behind, together comprising a further 30%.

Sweden, with a CAGR of +59.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, waning by -3.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 25%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :