Slovakia: Sugar Crop Market 2024

Sugar Crop Market Size in Slovakia

The Slovak sugar crop market reduced modestly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sugar Crop Production in Slovakia

In value terms, sugar crop production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of sugar crops in Slovakia shrank modestly to X tons per ha in 2022, with a decrease of X% against 2021 figures. The yield figure increased at an average annual rate of X% 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 2016 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average sugar crop yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sugar crop harvested area in Slovakia contracted to X ha, which is down by X% compared with the previous year. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. The sugar crop harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Slovakia

In 2022, the amount of sugar crops exported from Slovakia fell remarkably to X tons, with a decrease of X% on 2021. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports totaled $X in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for sugar crop exports from Slovakia, with a X% share of total exports. Moreover, sugar crop exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled X%.

In value terms, the Czech Republic ($X) remains the key foreign market for sugar crops exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in supplies from abroad of sugar crops, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, sugar crop imports shrank rapidly to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) was the main sugar crop supplier to Slovakia, with a X% share of total imports. Moreover, sugar crop imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Hungary (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sugar crops to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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