Slovakia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Slovakia

The Slovak market for candies, sweets, and nonchocolate confectionery declined to $X in 2022, which is down by -14% against the previous year. Overall, consumption saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the market value increased by 6.2%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Slovakia

In value terms, candy, sweets, and nonchocolate confectionery production declined remarkably to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 48%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Slovakia

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by 34% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery exports stood at $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), the Netherlands (X tons) and Finland (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Slovakia, with a combined 74% share of total exports. Poland, the UK, Germany, Austria and Italy lagged somewhat behind, together comprising a further 18%.

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 +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Poland ($X) constituted the largest markets for candy, sweets, and nonchocolate confectionery exported from Slovakia worldwide, together accounting for 63% of total exports. The Netherlands, Austria, Germany, the UK and Italy lagged somewhat behind, together accounting for a further 22%.

Austria, with a CAGR of +31.4%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, shrinking by -15% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 9.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Slovakia

In 2022, after three years of growth, there was significant decline in purchases abroad of candies, sweets, and nonchocolate confectionery, when their volume decreased by -17.5% to X tons. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 40%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports reduced to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Slovakia, together comprising 61% of total imports. The Netherlands, Belgium, Spain, Hungary, Sweden, Turkey, Ukraine and China lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +48.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and the Netherlands ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Slovakia, with a combined 56% share of total imports. Poland, China, Spain, Hungary, Belgium, Sweden, Turkey and Ukraine lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Ukraine, with a CAGR of +55.3%, recorded the highest rates of growth with regard to 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 candies, sweets, and nonchocolate confectionery amounted to $X per ton, growing by 5.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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