Slovakia: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Slovakia

The Slovak frozen vegetable market rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Frozen Vegetable Production in Slovakia

In value terms, frozen vegetable production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Vegetable Exports

Exports from Slovakia

In 2022, exports of frozen vegetables from Slovakia expanded markedly to X tons, surging by X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, frozen vegetable exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for frozen vegetable exports from Slovakia, with a X% share of total exports. Moreover, frozen vegetable exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was held by Austria (X tons), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average frozen vegetable export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($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 Poland (X%), while the prices for the other major destinations experienced a decline.

Frozen Vegetable Imports

Imports into Slovakia

Frozen vegetable imports into Slovakia reached X tons in 2022, with an increase of X% against 2021 figures. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, frozen vegetable imports rose rapidly to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Belgium (X tons) were the main suppliers of frozen vegetable imports to Slovakia, together comprising X% of total imports. The Netherlands, Hungary, Germany, Spain and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and the Netherlands ($X), together accounting for X% of total imports. Belgium, Hungary, Germany, Spain and Austria lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 frozen vegetable import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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