Slovakia: Baby Food Market 2024

Baby Food Market Size in Slovakia

In 2021, after two years of decline, there was significant growth in the Slovak baby food market, when its value increased by 7.2% to $X. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 -28.5% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Baby Food Production in Slovakia

In value terms, baby food production rose significantly to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 78% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Baby Food Exports

Exports from Slovakia

Baby food exports from Slovakia skyrocketed to X tons in 2021, picking up by 26% on 2020 figures. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 580% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, baby food exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 555% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for baby food exports from Slovakia, with a 90% share of total exports. Moreover, baby food exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+15.0% per year) and Germany (+95.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for food preparations for infants exports from Slovakia, comprising 90% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.3% share of total exports. It was followed by Poland, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.8% per year) and Poland (+22.8% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, declining by -1.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Baby Food Imports

Imports into Slovakia

In 2021, overseas purchases of food preparations for infants increased by 10% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 29%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, baby food imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of baby food to Slovakia, accounting for a 89% share of total imports. Moreover, baby food imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.4% per year) and France (-15.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of food preparations for infants to Slovakia, comprising 90% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by France, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and France (-12.2% per year).

Import Prices by Country

In 2021, the average baby food import price amounted to $X per ton, surging by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2013 an increase of 19%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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