Slovakia: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Slovakia

In 2022, after six years of growth, there was significant decline in the Slovak market for mixed condiments, sauses and seasonings, when its value decreased by -6.8% to $X. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.1% against 2015 indices. Mixed condiment, sause and seasoning consumption peaked at $X in 2021, and then dropped in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Slovakia

In value terms, mixed condiment, sause and seasoning production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then shrank slightly in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Slovakia

In 2022, overseas shipments of mixed condiments, sauses and seasonings increased by 13% to X tons, rising for the fifth consecutive year after two years of decline. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.4% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Slovakia, with a combined 72% share of total exports. France, Ukraine, Poland, Bulgaria, Moldova, Turkey, Germany, Austria and Spain lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +85.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and France ($X) were the largest markets for mixed condiment, sause and seasoning exported from Slovakia worldwide, together comprising 64% of total exports. Hungary, Ukraine, Poland, Bulgaria, Turkey, Germany, Austria, Moldova and Spain lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Ukraine, with a CAGR of +87.6%, 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

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, increasing by 4% against the previous year. Overall, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.1% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Spain ($X per ton), while the average price for exports to Moldova ($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 Ukraine (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Slovakia

In 2022, supplies from abroad of mixed condiments, sauses and seasonings decreased by -5.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, mixed condiment, sause and seasoning imports rose modestly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Croatia (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Slovakia, together comprising 69% of total imports. Germany, the Netherlands, Spain, China and Austria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and China ($X), with a combined 59% share of total imports.

China, with a CAGR of +55.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, picking up by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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