Slovakia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Slovakia

In 2021, the Slovak preserved frozen potato market increased by 11% to $X, rising for the fifth year in a row after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.5% against 2016 indices. Preserved frozen potato consumption peaked in 2021 and is expected to retain growth in the immediate term.

Preserved Frozen Potato Exports

Exports from Slovakia

In 2021, the amount of frozen potatoes prepared or preserved exported from Slovakia soared to X tons, increasing by 29% compared with the previous year's figure. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,227% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports surged to $X in 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 2,756% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for preserved frozen potato exports from Slovakia, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +90.1%.

In value terms, the Czech Republic ($X) also remains the key foreign market for frozen potatoes prepared or preserved exports from Slovakia.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +88.6%.

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, picking up by 8.8% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to -0.8% per year.

Preserved Frozen Potato Imports

Imports into Slovakia

For the fifth year in a row, Slovakia recorded growth in overseas purchases of frozen potatoes prepared or preserved, which increased by 9.9% to X tons in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 +32.3% against 2015 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved frozen potato imports rose remarkably to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +60.5% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 22%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of preserved frozen potato imports to Slovakia, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Slovakia were Poland ($X), the Netherlands ($X) and Belgium ($X), together accounting for 81% of total imports.

Belgium, with a CAGR of +11.2%, recorded the highest growth rate of 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

In 2021, the average preserved frozen potato import price amounted to $X per ton, with an increase of 3.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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