Slovakia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Slovakia

The Slovak battered fish fillet market surged to $X in 2021, with an increase of 18% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.5% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Slovakia

In value terms, battered fish fillet production skyrocketed to $X in 2021 estimated in export price. In general, production showed mild growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Battered Fish Fillet Exports

Exports from Slovakia

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported from Slovakia; picking up by 52% on 2020 figures. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 62%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, battered fish fillet exports surged to $X in 2021. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for battered fish fillet exports from Slovakia, with a 61% share of total exports. Moreover, battered fish fillet exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+41.1% per year) and the UK (-3.4% per year).

In value terms, Hungary ($X), the Czech Republic ($X) and the UK ($X) were the largest markets for battered fish fillet exported from Slovakia worldwide, together accounting for 95% of total exports.

The Czech Republic, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 103%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($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 (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Slovakia

In 2021, imports of fish fillets in batter or breadcrumbs into Slovakia reduced remarkably to X tons, which is down by -19.3% compared with the year before. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.9% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, battered fish fillet imports shrank rapidly to $X in 2021. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of battered fish fillet to Slovakia, with a 65% share of total imports. Moreover, battered fish fillet imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+5.8% per year) and Poland (+9.0% per year).

In value terms, Germany ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Slovakia, comprising 60% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.3% per year) and the Czech Republic (+7.4% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, waning by -4.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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