Slovakia: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Slovakia

In 2021, the Slovak market for protein concentrates and flavoured or coloured sugar syrups decreased by -19.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a mild decrease. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Slovakia

In value terms, production of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 97% against the previous year. Over the period under review, production of hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Slovakia

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by 51% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 125% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Romania (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Slovakia, with a combined 74% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +107.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Poland ($X) constituted the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Slovakia worldwide, together accounting for 75% of total exports.

Poland, with a CAGR of +85.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, jumping by 27% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for protein concentrates and flavoured or coloured sugar syrups increased by +101.7% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 32%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Serbia ($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 Croatia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Slovakia

In 2021, overseas purchases of protein concentrates and flavoured or coloured sugar syrups increased by 16% to X tons, rising for the sixth year in a row after two years of decline. In general, imports posted buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 32%. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Slovakia, together accounting for 67% of total imports. Ireland, Serbia, Poland, the UK and the Netherlands lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +86.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Ireland ($X) and Germany ($X) appeared to be the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Slovakia, with a combined 63% share of total imports.

Among the main suppliers, Ireland, with a CAGR of +119.6%, saw 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

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, the import price showed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Serbia ($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 (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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