Slovakia: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Slovakia

The Slovak frozen whole fish market reached $X in 2021, increasing by 2.9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Frozen Whole Fish Production in Slovakia

In value terms, frozen whole fish production amounted to $X in 2021 estimated in export price. Overall, production saw a dramatic curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. Frozen whole fish production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Frozen Whole Fish Exports

Exports from Slovakia

In 2021, exports of frozen whole fish from Slovakia expanded to X tons, picking up by 3.5% compared with 2020 figures. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 144% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, frozen whole fish exports shrank remarkably to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 116%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for frozen whole fish exports from Slovakia, with a 95% share of total exports. It was followed by the Czech Republic (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+30.7% per year) and Romania (-40.4% per year).

In value terms, Hungary ($X) remains the key foreign market for frozen whole fish exports from Slovakia, comprising 87% of total exports. The second position in the ranking was held by Romania ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-54.4% per year) and the Czech Republic (+25.0% per year).

Export Prices by Country

In 2021, the average frozen whole fish export price amounted to $X per ton, dropping by -23.2% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Hungary ($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 the Czech Republic (-4.3%), while the prices for the other major destinations experienced a decline.

Frozen Whole Fish Imports

Imports into Slovakia

In 2021, overseas purchases of frozen whole fish decreased by -9.1% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, frozen whole fish imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Ireland (X tons) were the main suppliers of frozen whole fish imports to Slovakia, with a combined 66% share of total imports. Argentina, Spain, Denmark, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Spain ($X), together accounting for 74% of total imports. These countries were followed by Ireland, Argentina, Denmark, the Netherlands and Turkey, which together accounted for a further 19%.

In terms of the main suppliers, Denmark, with a CAGR of +33.7%, saw the highest rates of growth with regard to 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 2021, the average frozen whole fish import price amounted to $X per ton, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 the Czech Republic ($X per ton), while the price for Ireland ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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