Slovakia: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Slovakia

The Slovak cocoa powder with sugar market stood at $X in 2021, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Cocoa powder with sugar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Slovakia

In value terms, cocoa powder with sugar production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40% against the previous year. Cocoa powder with sugar production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Slovakia

Cocoa powder with sugar exports from Slovakia skyrocketed to X tons in 2021, rising by 27% compared with 2020 figures. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 10,939%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports surged to $X in 2021. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 when exports increased by 9,151%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for cocoa powder with sugar exports from Slovakia, accounting for a 60% share of total exports. Moreover, cocoa powder with sugar exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), threefold. Cyprus (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-0.5% per year) and Cyprus (+77.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Slovakia, comprising 57% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Cyprus, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-5.3% per year) and Cyprus (+79.5% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by 33%. 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 remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Cyprus ($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 Romania (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Slovakia

In 2021, purchases abroad of cocoa powder (containing added sugar) decreased by -20.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 71%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar imports dropped to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 89% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Austria (X tons) and Hungary (X tons) were the main suppliers of cocoa powder with sugar imports to Slovakia, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) appeared to be the largest cocoa powder with sugar suppliers to Slovakia, with a combined 69% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2021, rising by 6.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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