Slovakia: Potato Chips Market 2024

Potato Chips Market Size in Slovakia

The Slovak potato chips market reduced to $X in 2022, with a decrease of -12.4% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Potato chips consumption peaked at $X in 2021, and then reduced in the following year.

Potato Chips Production in Slovakia

In value terms, potato chips production soared to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.6% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Potato Chips Exports

Exports from Slovakia

For the third year in a row, Slovakia recorded decline in shipments abroad of potato chips, which decreased by -29.6% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 143% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, potato chips exports contracted remarkably to $X in 2022. In general, exports, however, posted pronounced growth. The pace of growth was the most pronounced in 2013 with an increase of 148% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main destinations of potato chips exports from Slovakia, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +71.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for potato chips exports from Slovakia, comprising 51% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+8.8% per year) and Hungary (+66.1% per year).

Export Prices by Country

The average potato chips export price stood at $X per ton in 2022, surging by 15% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potato chips export price increased by +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Germany ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Slovakia

In 2022, approx. X tons of potato chips were imported into Slovakia; reducing by -14% against 2021 figures. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, potato chips imports fell sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest potato chips supplier to Slovakia, accounting for a 55% share of total imports. Moreover, potato chips imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Switzerland (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.8% per year) and Switzerland (+17.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of potato chips to Slovakia, comprising 49% of total imports. The second position in the ranking was held by Switzerland ($X), with a 23% share of total imports. It was followed by Poland, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+21.8% per year) and Poland (+1.4% per year).

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, shrinking by -5.2% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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