Slovakia: Wheat Gluten Market 2024

Wheat Gluten Market Size in Slovakia

The Slovak wheat gluten market expanded sharply to $X in 2022, surging by 8.5% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Wheat Gluten Production in Slovakia

In value terms, wheat gluten production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9% against the previous year. Wheat gluten production peaked in 2022 and is likely to continue growth in years to come.

Wheat Gluten Exports

Exports from Slovakia

In 2022, wheat gluten exports from Slovakia reduced notably to X kg, with a decrease of -35.5% on 2021. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 2,554% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheat gluten exports skyrocketed to $X in 2022. Overall, exports faced a sharp slump. The most prominent rate of growth was recorded in 2018 with an increase of 1,211%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X kg) was the main destination for wheat gluten exports from Slovakia, with a 48% share of total exports. Moreover, wheat gluten exports to Hungary exceeded the volume sent to the second major destination, Romania (X kg), twofold. The third position in this ranking was taken by the Czech Republic (X kg), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled -56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-59.8% per year) and the Czech Republic (-28.7% per year).

In value terms, Italy ($X), Romania ($X) and Hungary ($X) constituted the largest markets for wheat gluten exported from Slovakia worldwide, together accounting for 62% of total exports. The Czech Republic, Slovenia, Bulgaria and Poland lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +164.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, jumping by 249% against the previous year. Overall, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Slovakia

Wheat gluten imports into Slovakia rose notably to X tons in 2022, increasing by 7% on the previous year's figure. Over the period under review, imports posted a modest expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, wheat gluten imports amounted to $X in 2022. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 103%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of wheat gluten imports to Slovakia, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +58.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of wheat gluten to Slovakia, comprising 61% of total imports. The second position in the ranking was taken by Poland ($X), with a 23% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+103.9% per year) and the Czech Republic (-4.3% per year).

Import Prices by Country

In 2022, the average wheat gluten import price amounted to $X per ton, surging by 2.4% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten import price increased by +107.2% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 54%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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