Slovakia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Slovakia

The Slovak sugary soft drink market surged to $X in 2022, jumping by 31% against the previous year. Overall, consumption, however, saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Slovakia

In value terms, sugary soft drink production soared to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. Sugary soft drink production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from Slovakia

In 2022, after four years of growth, there was decline in overseas shipments of sugary soft drinks, when their volume decreased by -1.9% to X litres. In general, exports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 115%. As a result, the exports attained the peak of X litres, and then shrank slightly in the following year.

In value terms, sugary soft drink exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by 166% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

France (X litres), the Czech Republic (X litres) and Italy (X litres) were the main destinations of sugary soft drink exports from Slovakia, together comprising 68% of total exports. Hungary, Poland, Belgium and the UK lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +157.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for sugary soft drinks exports from Slovakia, comprising 43% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+48.8% per year) and the Czech Republic (-9.4% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, with a decrease of -8.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. The export price peaked at $X per litre in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per litre), while the average price for exports to Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sugary Soft Drink Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded growth in overseas purchases of sugary soft drinks, which increased by 2.4% to X litres in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugary soft drink imports expanded sharply to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 21%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X litres) constituted the largest supplier of sugary soft drink to Slovakia, with a 57% share of total imports. Moreover, sugary soft drink imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X litres), fivefold. Hungary (X litres) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.8% per year) and Hungary (+8.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of sugary soft drinks to Slovakia, comprising 42% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by Poland, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+11.8% per year) and Poland (+7.8% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, with an increase of 6.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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