Slovakia: Gingerbread Market 2024

Gingerbread Market Size in Slovakia

In 2022, the Slovak gingerbread market increased by 5.9% to $X, rising for the sixth consecutive year after four years of decline. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Gingerbread Production in Slovakia

In value terms, gingerbread production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 4%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gingerbread Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded growth in shipments abroad of gingerbread, which increased by 24% to X tons in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 152%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, gingerbread exports expanded remarkably to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 442% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Austria (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of gingerbread exports from Slovakia, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +105.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for gingerbread exports from Slovakia, comprising 69% of total exports. The second position in the ranking was held by Hungary ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +109.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+10.3% per year) and the Czech Republic (+22.1% per year).

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, shrinking by -8.3% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 Austria ($X per ton), while the average price for exports to Hungary ($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 the Czech Republic (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Slovakia

In 2022, supplies from abroad of gingerbread increased by 13% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 119%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, gingerbread imports expanded remarkably to $X in 2022. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 170%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of gingerbread imports to Slovakia, with a combined 26% share of total imports. Austria and Italy lagged somewhat behind, together comprising a further 2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of gingerbread to Slovakia, comprising 17% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.3% share of total imports. It was followed by Austria, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.0% per year) and Austria (+19.0% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, reducing by -5.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 41%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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