Slovakia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Slovakia

In 2021, the Slovak chocolate bar with filling market increased by 115% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a strong expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Production of Chocolate Bars With Fillings in Slovakia

In value terms, chocolate bar with filling production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 24%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports from Slovakia

Chocolate bar with filling exports from Slovakia declined to X tons in 2021, waning by -9.9% compared with 2020 figures. In general, exports recorded a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports reduced to $X in 2021. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for chocolate bar with filling exports from Slovakia, accounting for a 35% share of total exports. Moreover, chocolate bar with filling exports to Hungary exceeded the volume sent to the second major destination, Austria (X tons), threefold. Serbia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+15.6% per year) and Serbia (+47.1% per year).

In value terms, Hungary ($X) remains the key foreign market for chocolate bars with fillings exports from Slovakia, comprising 28% of total exports. The second position in the ranking was held by Serbia ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+45.4% per year) and the Czech Republic (-4.4% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, with an increase of 2.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars With Fillings

Imports into Slovakia

Chocolate bar with filling imports into Slovakia skyrocketed to X tons in 2021, rising by 26% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.2% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, chocolate bar with filling imports soared to $X in 2021. In general, imports posted a resilient expansion. 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), Bulgaria (X tons) and Germany (X tons) were the main suppliers of chocolate bar with filling imports to Slovakia, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +147.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Slovakia were Bulgaria ($X), the Czech Republic ($X) and Germany ($X), together accounting for 87% of total imports.

Bulgaria, with a CAGR of +166.2%, saw 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 chocolate bar with filling import price stood at $X per ton in 2021, picking up by 46% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Romania ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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