Slovakia: Coconut Market 2024

Coconut Market Size in Slovakia

The Slovak coconut market shrank notably to $X in 2022, declining by -17.8% against the previous year. Overall, consumption saw a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Coconut Production in Slovakia

In value terms, coconut production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a sharp contraction. The pace of growth was the most pronounced in 2019 when the production volume decreased by 99.9%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of coconuts in Slovakia totaled less than X kg per ha in 2022, approximately reflecting the year before. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of coconuts were harvested in Slovakia; remaining relatively unchanged against the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Coconut Exports

Exports from Slovakia

In 2022, shipments abroad of coconuts was finally on the rise to reach X tons after two years of decline. In general, exports recorded modest growth. The most prominent rate of growth was recorded in 2013 with an increase of 22,482%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 30,364%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Poland (X kg) were the main destinations of coconut exports from Slovakia, with a combined 96% 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 Austria (with a CAGR of +123.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coconut exported from Slovakia were Austria ($X), the Czech Republic ($X) and Poland ($X), with a combined 88% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +94.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, declining by -14.3% against the previous year. In general, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 an increase of 168%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Poland (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Coconut Imports

Imports into Slovakia

In 2022, approx. X tons of coconuts were imported into Slovakia; therefore, remained relatively stable against the previous year's figure. Over the period under review, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 7,072% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coconut imports shrank markedly to $X in 2022. Overall, imports, however, showed a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by 2,960%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of coconut to Slovakia, accounting for a 55% share of total imports. Moreover, coconut imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cote d'Ivoire amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.0% per year) and Spain (+17.5% per year).

In value terms, the largest coconut suppliers to Slovakia were Cote d'Ivoire ($X), the Czech Republic ($X) and Thailand ($X), together comprising 64% of total imports.

Thailand, with a CAGR of +84.0%, recorded 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 coconut import price amounted to $X per ton, with a decrease of -28.9% against the previous year. Over the period under review, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2021 an increase of 75% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Cote d'Ivoire ($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 Czech Republic (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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