Slovakia: Soft Drink Market 2024

Soft Drink Market Size in Slovakia

In 2021, the Slovak soft drink market decreased by -30.1% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a deep downturn. Soft drink consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Soft Drink Production in Slovakia

In value terms, soft drink production declined notably to $X in 2021 estimated in export price. Over the period under review, production faced a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 3.6%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Soft Drink Exports

Exports from Slovakia

In 2021, overseas shipments of soft drinks increased by 114% to X litres, rising for the fourth consecutive year after five years of decline. In general, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, soft drink exports soared to $X in 2021. Overall, exports showed a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X litres), the Czech Republic (X litres) and Italy (X litres) were the main destinations of soft drink exports from Slovakia, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +106.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soft drink exported from Slovakia were France ($X), Italy ($X) and the Czech Republic ($X), with a combined 72% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +92.5%, 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

The average soft drink export price stood at $X per litre in 2021, rising by 4.5% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per litre), while the average price for exports to Hungary ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-3.7%), while the prices for the other major destinations experienced a decline.

Soft Drink Imports

Imports into Slovakia

In 2021, imports of soft drinks into Slovakia expanded sharply to X litres, picking up by 7.3% against the year before. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, soft drink imports amounted to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Czech Republic (X litres) constituted the largest supplier of soft drink to Slovakia, accounting for a 61% share of total imports. Moreover, soft drink imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X litres), fourfold. The third position in this ranking was taken by Ukraine (X litres), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.4% per year) and Ukraine (+119.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of soft drink to Slovakia, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.2% per year) and Hungary (+7.8% per year).

Import Prices by Country

The average soft drink import price stood at $X per litre in 2021, approximately equating the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 5.2%. The import price peaked at $X per litre in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per litre), while the price for the Czech Republic ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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