Slovakia: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Slovakia

In 2021, the Slovak concentrated apple juice market increased by 38% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, faced a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Concentrated Apple Juice Exports

Exports from Slovakia

In 2021, approx. X tons of concentrated apple juice were exported from Slovakia; dropping by -99.1% on 2020. In general, exports showed a significant decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 391%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated apple juice exports fell sharply to $X in 2021. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 397%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X kg), Poland (X kg) and Romania (X kg) were the main destinations of concentrated apple juice exports from Slovakia, with a combined 82% share of total exports. The UK and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of -25.9%), while the other leaders experienced a decline.

In value terms, Hungary ($X), Poland ($X) and Romania ($X) were the largest markets for concentrated apple juice exported from Slovakia worldwide, with a combined 89% share of total exports.

Romania, with a CAGR of -18.9%, 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 a decline.

Export Prices by Country

The average concentrated apple juice export price stood at $X per ton in 2021, falling by -21.5% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated apple juice export price decreased by -24.6% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 32%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the UK ($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 (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Apple Juice Imports

Imports into Slovakia

After four years of decline, supplies from abroad of concentrated apple juice increased by 1.4% to X tons in 2021. Over the period under review, imports continue to indicate a tangible increase. The pace of growth was the most pronounced in 2016 when imports increased by 159%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated apple juice imports rose sharply to $X in 2021. In general, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 106%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hungary (X tons) constituted the largest concentrated apple juice supplier to Slovakia, with a 70% share of total imports. Moreover, concentrated apple juice imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. The Czech Republic (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary amounted to +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+20.5% per year) and the Czech Republic (-2.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of concentrated apple juice to Slovakia, comprising 70% of total imports. The second position in the ranking was held by Austria ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.1% per year) and the Czech Republic (-15.5% per year).

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, picking up by 13% against the previous year. In general, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :