Slovakia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Slovakia

The Slovak dried or smoked fish market totaled $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.8% against 2016 indices. Dried or smoked fish consumption peaked in 2021 and is likely to see steady growth in years to come.

Exports of Dried Or Smoked Fish

Exports from Slovakia

In 2021, the amount of dried or smoked fish exported from Slovakia skyrocketed to X tons, with an increase of 133% against the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3,518% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, dried or smoked fish exports surged to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 7,172%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for dried or smoked fish exports from Slovakia, with a 70% share of total exports. Moreover, dried or smoked fish exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-9.9% per year) and the UK (+28.9% per year).

In value terms, the largest markets for dried or smoked fish exported from Slovakia were Hungary ($X), the Czech Republic ($X) and the UK ($X), with a combined 100% share of total exports.

The UK, with a CAGR of +21.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, falling by -13.1% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 101%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the UK ($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 UK (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Smoked Fish

Imports into Slovakia

After two years of growth, overseas purchases of dried or smoked fish decreased by -4.6% to X tons in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.2% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 46% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, dried or smoked fish imports rose significantly to $X in 2021. In general, imports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2013 with an increase of 112%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of dried or smoked fish to Slovakia, accounting for a 71% share of total imports. Moreover, dried or smoked fish imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+11.2% per year) and Germany (+0.5% per year).

In value terms, Poland ($X) constituted the largest supplier of dried or smoked fish to Slovakia, comprising 50% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 23% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.7% per year) and Germany (+2.3% per year).

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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