Slovakia: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Slovakia

The Slovak seafood meals and pellets market shrank to $X in 2021, with a decrease of -9% against the previous year. Overall, consumption recorded a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Slovakia

In value terms, seafood meals and pellets production reduced to $X in 2021 estimated in export price. In general, production saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Seafood meals and pellets production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Slovakia

For the third consecutive year, Slovakia recorded decline in overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs, which decreased by 0% to X kg in 2021. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 248%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, seafood meals and pellets exports amounted to $X in 2021. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 187%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X kg) was the main destination for seafood meals and pellets exports from Slovakia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to -38.8%.

From 2012 to 2021, the average annual growth rate of value to Poland stood at -26.9%.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 114% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2012 to 2021, the rate of growth in terms of prices for Poland amounted to +19.5% per year.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Slovakia

In 2021, seafood meals and pellets imports into Slovakia surged to X tons, with an increase of 18% against the year before. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 +27.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports soared to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 69%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of seafood meals and pellets to Slovakia, with a 87% share of total imports. Moreover, seafood meals and pellets imports from Denmark exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +13.2%.

In value terms, Denmark ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Slovakia, comprising 85% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +7.5%.

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, increasing by 4.2% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 an increase of 46%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :