Slovakia: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Slovakia

The Slovak frozen crustaceans market soared to $X in 2022, increasing by X% 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, consumption enjoyed a temperate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Crustaceans Exports

Exports from Slovakia

In 2022, approx. X tons of frozen crustaceans were exported from Slovakia; with a decrease of X% on 2021. Overall, exports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, frozen crustaceans exports declined dramatically to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Hungary (X tons) was the main destination for frozen crustaceans exports from Slovakia, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for frozen crustaceans exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen crustaceans export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced a decline.

Frozen Crustaceans Imports

Imports into Slovakia

In 2022, imports of frozen crustaceans into Slovakia expanded modestly to X tons, growing by X% compared with the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, frozen crustaceans imports expanded significantly to $X in 2022. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest frozen crustaceans supplier to Slovakia, with a X% share of total imports. Moreover, frozen crustaceans imports from India exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Vietnam (X% per year).

In value terms, India ($X) constituted the largest supplier of frozen crustaceans to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average frozen crustaceans import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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