Slovakia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Slovakia

In 2021, the Slovak concentrated grapefruit juice market increased by 7.4% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Concentrated grapefruit juice consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Concentrated Grapefruit Juice Production in Slovakia

In value terms, concentrated grapefruit juice production contracted notably to $X in 2021 estimated in export price. In general, production recorded a dramatic decrease. Concentrated grapefruit juice production peaked at $X in 2020, and then fell rapidly in the following year.

Concentrated Grapefruit Juice Exports

Exports from Slovakia

In 2021, shipments abroad of concentrated grapefruit juice decreased by -98.2% to X kg, falling for the sixth year in a row after four years of growth. Overall, exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2014 with an increase of 66%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports dropped sharply to $X in 2021. In general, exports faced a sharp descent. The pace of growth was the most pronounced in 2014 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg) was the main destination for concentrated grapefruit juice exports from Slovakia, accounting for a 55% share of total exports. Moreover, concentrated grapefruit juice exports to the Czech Republic exceeded the volume sent to the second major destination, Austria (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled -51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.9% per year) and Hungary (-48.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for concentrated grapefruit juice exports from Slovakia, comprising 84% of total exports. The second position in the ranking was taken by Austria ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to -43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+24.8% per year) and Hungary (-49.8% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, picking up by 109% against the previous year. In general, the export price enjoyed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($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 Austria (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Grapefruit Juice Imports

Imports into Slovakia

In 2021, supplies from abroad of concentrated grapefruit juice increased by 183% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a sharp descent. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest concentrated grapefruit juice supplier to Slovakia, with a 76% share of total imports. Moreover, concentrated grapefruit juice imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+62.7% per year) and Austria (+12.9% per year).

In value terms, Austria ($X) constituted the largest supplier of concentrated grapefruit juice to Slovakia, comprising 59% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-13.7% per year) and Italy (+55.3% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, declining by -49.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 268%. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cuba (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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