Slovakia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Slovakia

In 2021, the Slovak market for sweet biscuits, waffles and wafers increased by 6.8% to $X, rising for the fourth year in a row after four years of decline. Over the period under review, consumption showed a perceptible reduction. Sweet biscuit, waffle and wafer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Slovakia

In value terms, sweet biscuit, waffle and wafer production totaled $X in 2021 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Slovakia

In 2021, after three years of decline, there was growth in shipments abroad of sweet biscuits, waffles and wafers, when their volume increased by 4.8% to X tons. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 21%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports stood at $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 24% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Slovakia, accounting for a 56% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.3% per year) and Hungary (+6.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by Austria, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-5.1% per year) and Austria (+8.5% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, rising by 8.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hungary ($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 the UK (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Slovakia

In 2021, supplies from abroad of sweet biscuits, waffles and wafers decreased by -8.5% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, sweet biscuit, waffle and wafer imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of sweet biscuit, waffle and wafer to Slovakia, accounting for a 47% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.0% per year) and Germany (-0.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Slovakia, comprising 52% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.1% per year) and Germany (-1.3% per year).

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, with an increase of 23% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($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 Czech Republic (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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