Slovakia: Fructose Market 2024

Fructose Market Size in Slovakia

The Slovak fructose market dropped dramatically to $X in 2021, which is down by -71.4% against the previous year. Overall, consumption faced a deep downturn. Fructose consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fructose Production in Slovakia

In value terms, fructose production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 38%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Fructose Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded growth in overseas shipments of fructose and fructose syrup, which increased by 27% to X tons in 2021. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 43%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, fructose exports surged to $X in 2021. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 38%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Switzerland (X tons) were the main destinations of fructose exports from Slovakia, with a combined 50% share of total exports. France, the UK, the Netherlands, Spain, Hungary, Italy, Austria, the Czech Republic, Belgium and Romania lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fructose exported from Slovakia were Germany ($X), Poland ($X) and France ($X), together accounting for 47% of total exports. These countries were followed by Switzerland, the UK, the Netherlands, Spain, Hungary, Italy, Belgium, the Czech Republic, Austria and Romania, which together accounted for a further 42%.

Romania, with a CAGR of +27.0%, saw 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

The average fructose export price stood at $X per ton in 2021, increasing by 2.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Italy ($X per ton), while the average price for exports to Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into Slovakia

In 2021, purchases abroad of fructose and fructose syrup decreased by -16.2% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, fructose imports contracted to $X in 2021. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 26%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of fructose imports to Slovakia, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fructose suppliers to Slovakia were the Czech Republic ($X), Austria ($X) and the Netherlands ($X), with a combined 60% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +35.6%, 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

The average fructose import price stood at $X per ton in 2021, surging by 6.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 41%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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 Bulgaria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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