Slovakia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Slovakia

In 2021, the Slovak tapioca and substitutes market decreased by -28.2% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports from Slovakia

In 2021, shipments abroad of tapioca and substitutes increased by 104% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 7,836%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, tapioca and substitutes exports skyrocketed to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 15,939%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for tapioca and substitutes exports from Slovakia, accounting for a 65% share of total exports. Moreover, tapioca and substitutes exports to the Czech Republic exceeded the volume sent to the second major destination, Belgium (X kg), threefold. The third position in this ranking was held by Hungary (X kg), with an 8.1% share.

From 2015 to 2021, the average annual growth rate of volume to the Czech Republic stood at +148.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Hungary (+33.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for tapioca and substitutes exports from Slovakia, comprising 76% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports. It was followed by Hungary, with a 5.5% share.

From 2015 to 2021, the average annual growth rate of value to the Czech Republic amounted to +101.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Hungary (+129.4% per year).

Export Prices by Country

The average tapioca and substitutes export price stood at $X per ton in 2021, shrinking by -18% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 100%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+205.4%), while the prices for the other major destinations experienced mixed trend patterns.

Tapioca And Substitutes Imports

Imports into Slovakia

In 2021, overseas purchases of tapioca and substitutes decreased by -25.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 7,329%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports contracted slightly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 2,737%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest tapioca and substitutes supplier to Slovakia, accounting for a 54% share of total imports. Moreover, tapioca and substitutes imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +743.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+247.6% per year) and Hungary (-62.4% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Denmark ($X) appeared to be the largest tapioca and substitutes suppliers to Slovakia, with a combined 91% share of total imports.

Germany, with a CAGR of +754.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the import price enjoyed a modest increase. The growth pace was the most rapid in 2014 when the average import price increased by 46%. The import price peaked at $X per ton in 2017; however, from 2018 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 Denmark ($X per ton), while the price for Hungary ($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 (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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