Slovakia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Slovakia

The Slovak prepared dish and meal market amounted to $X in 2021, surging by 12% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 increased by +39.4% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Production of Prepared Dishes And Meals in Slovakia

In value terms, prepared dish and meal production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.0% against 2015 indices. The growth pace was the most rapid in 2016 when the production volume increased by 35% against the previous year. Prepared dish and meal production peaked at $X in 2020, and then fell in the following year.

Exports of Prepared Dishes And Meals

Exports from Slovakia

For the third consecutive year, Slovakia recorded growth in shipments abroad of prepared dishes and meals, which increased by 18% to X tons in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume 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, exports increased by +38.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 47%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Romania (X tons) were the main destinations of prepared dish and meal exports from Slovakia, together comprising 45% of total exports. These countries were followed by Austria, the Netherlands, Germany, Serbia, Ukraine, Bosnia and Herzegovina, Poland, Turkey, Croatia and the UK, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +55.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Hungary ($X) constituted the largest markets for prepared dish and meal exported from Slovakia worldwide, together comprising 50% of total exports.

Austria, with a CAGR of +69.0%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average prepared dish and meal export price amounted to $X per ton, surging by 17% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2019 an increase of 26%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Turkey ($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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Slovakia

For the fifth year in a row, Slovakia recorded growth in purchases abroad of prepared dishes and meals, which increased by 14% to X tons in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared dish and meal imports skyrocketed to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of prepared dish and meal imports to Slovakia, with a combined 73% share of total imports. Hungary, Austria, the Netherlands, Belgium and France lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Austria ($X) appeared to be the largest prepared dish and meal suppliers to Slovakia, together accounting for 71% of total imports. These countries were followed by Germany, Hungary, France, the Netherlands and Belgium, which together accounted for a further 20%.

Belgium, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared dish and meal import price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2016 an increase of 20%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual 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 Austria ($X per ton), while the price for Belgium ($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 (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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