Slovakia: Cream Fresh Market 2024

Cream Fresh Market Size in Slovakia

In 2022, the Slovak cream fresh market decreased by -2.6% to $X, falling for the second consecutive year after nine years of growth. Overall, consumption, however, recorded a significant increase. Cream fresh consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cream Fresh Production in Slovakia

In value terms, cream fresh production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 52%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cream Fresh Exports

Exports from Slovakia

In 2022, overseas shipments of cream fresh increased by 27% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports skyrocketed to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Italy (X tons) were the main destinations of cream fresh exports from Slovakia, together comprising 80% of total exports. Romania, Poland, Croatia, Ukraine, Austria and Germany lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +58.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Italy ($X) constituted the largest markets for cream fresh exported from Slovakia worldwide, with a combined 81% share of total exports. Romania, Poland, Croatia, Ukraine, Austria and Germany lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Ukraine, with a CAGR of +57.5%, 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 more modest paces of growth.

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +15.1% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Italy (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Slovakia

For the eleventh consecutive year, Slovakia recorded growth in purchases abroad of cream fresh, which increased by 2.2% to X tons in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cream fresh imports soared to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of cream fresh imports to Slovakia, with a combined 51% share of total imports. Hungary, Germany and Latvia lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +205.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Lithuania ($X), with a combined 59% share of total imports. Hungary, Latvia and Germany lagged somewhat behind, together accounting for a further 7.4%.

Among the main suppliers, Hungary, with a CAGR of +217.4%, saw the highest growth rate of 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

In 2022, the average cream fresh import price amounted to $X per ton, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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