Slovakia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Slovakia

The Slovak orange juice (single strength) market rose remarkably to $X in 2021, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +88.2% against 2012 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Orange Juice (Single Strength)

Exports from Slovakia

Orange juice (single strength) exports from Slovakia skyrocketed to X tons in 2021, with an increase of 43% on 2020 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,077%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, orange juice (single strength) exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 4,250% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons) was the main destination for orange juice (single strength) exports from Slovakia, with a 91% share of total exports. Moreover, orange juice (single strength) exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by Hungary (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +112.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+76.6% per year) and Hungary (+45.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for orange juice (single strength) exports from Slovakia, comprising 90% of total exports. The second position in the ranking was held by the UK ($X), with a 3.6% share of total exports. It was followed by Poland, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +115.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+78.7% per year) and Poland (+92.0% per year).

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, orange juice (single strength) export price increased by +10.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 Poland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Slovakia

For the fifth consecutive year, Slovakia recorded growth in overseas purchases of orange juice (single strength), which increased by 12% to X tons in 2021. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, orange juice (single strength) imports expanded markedly to $X in 2021. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of orange juice (single strength) imports to Slovakia, together comprising 71% of total imports. These countries were followed by Austria, the Czech Republic, the Netherlands and Spain, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +4,868.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Hungary ($X) constituted the largest orange juice (single strength) suppliers to Slovakia, together accounting for 64% of total imports. These countries were followed by Austria, Spain, the Czech Republic and the Netherlands, which together accounted for a further 35%.

The Netherlands, with a CAGR of +3,209.4%, saw 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

The average orange juice (single strength) import price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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