Slovakia: Maize Oil Market 2025

Maize Oil Market Size in Slovakia

In 2022, the Slovak maize oil market increased by 39% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Maize Oil Production in Slovakia

In value terms, maize oil production reduced to $X in 2022 estimated in export price. Overall, production enjoyed a tangible expansion. The growth pace was the most rapid in 2015 with an increase of 253%. Maize oil production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Maize Oil Exports

Exports from Slovakia

In 2022, the amount of maize oil exported from Slovakia soared to X tons, with an increase of 8,642% on the previous year's figure. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize oil exports surged to $X in 2022. In general, exports posted a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for maize oil exports from Slovakia, with a 99% share of total exports. It was followed by the Czech Republic (X tons), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to +24.9%.

In value terms, Hungary ($X) emerged as the key foreign market for maize oil exports from Slovakia, comprising 99% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hungary amounted to +41.9%.

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, falling by -18% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 141%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Slovakia

In 2022, supplies from abroad of maize oil increased by 159% to X tons, rising for the second year in a row after three years of decline. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 18,570%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, maize oil imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 263%. Imports peaked at $X in 2017; afterwards, it flattened through to 2022.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest maize oil supplier to Slovakia, accounting for a 79% share of total imports. Moreover, maize oil imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +140.0%.

In value terms, the Czech Republic ($X) constituted the largest supplier of maize oil to Slovakia, comprising 83% of total imports. The second position in the ranking was held by Hungary ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +113.5%.

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, surging by 28% against the previous year. Over the period under review, the import price, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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