Slovakia: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Slovakia

The Slovak market for frozen vegetables other than potato and corn stood at $X in 2022, stabilizing at 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, however, showed a resilient increase. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Slovakia

In 2022, exports of frozen vegetables other than potato and corn from Slovakia reduced rapidly to X tons, waning by -22% compared with 2021 figures. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen vegetables other than potato and corn declined modestly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 9.1% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Slovakia, with a 86% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), sevenfold. Poland (X tons) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-16.1% per year) and Poland (-27.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Slovakia, comprising 85% of total exports. The second position in the ranking was held by Hungary ($X), with a 13% share of total exports. It was followed by Poland, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-17.4% per year) and Poland (-19.4% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, rising by 24% against the previous year. Overall, the export price, however, recorded a pronounced decline. The export price peaked 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 overseas 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 (+10.8%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Slovakia

In 2022, overseas purchases of frozen vegetables other than potato and corn decreased by -6.7% to X tons, falling for the third year in a row after three years of growth. The total import volume increased at an average annual rate of +2.1% over the period 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 2019 with an increase of 15%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen vegetables other than potato and corn dropped modestly to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +60.1% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Slovakia, with a combined 60% share of total imports. Belgium, the Netherlands, Hungary, China, Austria and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetables other than potato and corn suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Spain ($X), with a combined 57% share of total imports. The Netherlands, Belgium, Hungary, China, Austria and Germany lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, the Netherlands, with a CAGR of +25.6%, saw 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

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, with an increase of 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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