Slovakia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Slovakia

After two years of growth, the Slovak non-wheat groats market decreased by -15.4% to $X in 2021. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +22.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in Slovakia

In value terms, non-wheat groats production contracted to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 91% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Wheat Groats Exports

Exports from Slovakia

In 2021, the amount of groats and meal of cereals (excluding wheat) exported from Slovakia surged to X tons, with an increase of 63% compared with the previous year's figure. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 330% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, non-wheat groats exports skyrocketed to $X in 2021. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 202%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for non-wheat groats exports from Slovakia, accounting for a 98% share of total exports. It was followed by Hungary (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-6.6% per year) and Poland (-41.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Slovakia, comprising 95% of total exports. The second position in the ranking was taken by Hungary ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-4.5% per year) and Poland (-35.9% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Groats Imports

Imports into Slovakia

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were imported into Slovakia; remaining relatively unchanged against the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-wheat groats imports surged to $X in 2021. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of non-wheat groats to Slovakia, with a 86% share of total imports. Moreover, non-wheat groats imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.7% per year) and the Netherlands (+54.7% per year).

In value terms, Hungary ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Slovakia, comprising 77% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Hungary stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+11.9% per year) and the Netherlands (+98.5% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, growing by 25% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats import price increased by +88.0% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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