Slovakia: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Slovakia

The Slovak frozen fish fillet market declined to $X in 2022, which is down by -12.6% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Frozen Fish Fillet Production in Slovakia

In value terms, frozen fish fillet production declined to $X in 2022 estimated in export price. In general, production faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports from Slovakia

In 2022, shipments abroad of frozen fish fillet increased by 37% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 74% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, frozen fish fillet exports skyrocketed to $X in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 143% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Slovenia (X tons) were the main destinations of frozen fish fillet exports from Slovakia, together comprising 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +37.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Slovenia ($X) constituted the largest markets for frozen fish fillet exported from Slovakia worldwide, with a combined 96% share of total exports.

Slovenia, with a CAGR of +33.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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 frozen fish fillet export price stood at $X per ton in 2022, increasing by 8.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic ($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 (+5.2%), while the prices for the other major destinations experienced a decline.

Frozen Fish Fillet Imports

Imports into Slovakia

In 2022, approx. X tons of frozen fish fillet were imported into Slovakia; shrinking by -14.9% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, frozen fish fillet imports declined to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

The Czech Republic (X tons), China (X tons) and Germany (X tons) were the main suppliers of frozen fish fillet imports to Slovakia, together comprising 63% of total imports. The United States, Russia, Denmark, Argentina and Vietnam lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), China ($X) and Germany ($X) constituted the largest frozen fish fillet suppliers to Slovakia, together accounting for 59% of total imports. The United States, Russia, Argentina, Denmark and Vietnam lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Russia, with a CAGR of +31.1%, recorded 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

The average frozen fish fillet import price stood at $X per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2018 an increase of 16%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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