Slovakia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Slovakia

The Slovak market for malt extract and food preparations of flour, meal, and starches contracted sharply to $X in 2022, shrinking by -78% against the previous year. Over the period under review, consumption showed a deep slump. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Slovakia

In value terms, production of malt extract and food preparations of flour, meal, and starches soared to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2020 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Slovakia

For the eighth consecutive year, Slovakia recorded growth in overseas shipments of malt extract and food preparations of flour, meal, and starches, which increased by 18% to X tons in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 36%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Slovakia, together comprising 74% of total exports. Hungary, the UK, Austria, Italy and Romania lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +39.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Slovakia were the Czech Republic ($X), Germany ($X) and Poland ($X), together accounting for 72% of total exports. Hungary, Romania, Italy, Austria and the UK lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Austria, with a CAGR of +36.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($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 (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Slovakia

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -13% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Austria (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Slovakia, together comprising 85% of total imports. Belgium, Poland, France and the Netherlands lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Austria ($X), with a combined 82% share of total imports. Belgium, France, Poland and the Netherlands lagged somewhat behind, together accounting for a further 10%.

Among the main suppliers, France, with a CAGR of +29.8%, recorded 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

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, reducing by -4.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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