Slovakia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Slovakia

In 2021, the Slovak meat meals and pellets market decreased by -15.8% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Slovakia

In value terms, meat meals and pellets production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 44%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Slovakia

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal increased by 2.1% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +12.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 33%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat meals and pellets exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of meat meals and pellets exports from Slovakia, together accounting for 85% of total exports. Romania and Italy lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat meals and pellets exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Poland ($X), with a combined 88% share of total exports. Romania and Italy lagged somewhat behind, together comprising a further 8.5%.

Among the main countries of destination, Romania, with a CAGR of +69.2%, recorded 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

In 2021, the average meat meals and pellets export price amounted to $X per ton, with an increase of 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($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 Romania (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Slovakia

After four years of decline, overseas purchases of flours, meals and pellets of meat or meat offal increased by 4.3% to X tons in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 48% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, meat meals and pellets imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.8% 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 +40.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Poland (X tons), Hungary (X tons) and Croatia (X tons) were the main suppliers of meat meals and pellets imports to Slovakia, with a combined 65% share of total imports. Serbia, the Czech Republic and Austria lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets suppliers to Slovakia were Hungary ($X), Poland ($X) and Serbia ($X), with a combined 68% share of total imports. Croatia, the Czech Republic and Austria lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +30.8%, 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 2021, the average meat meals and pellets import price amounted to $X per ton, with an increase of 33% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets import price increased by +102.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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