Slovakia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Slovakia

The Slovak whole fresh milk market amounted to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption recorded a relatively flat trend pattern. Whole fresh milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Whole Fresh Milk Production in Slovakia

In value terms, whole fresh milk production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24%. Whole fresh milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Slovakia

In 2022, overseas shipments of whole fresh milk were finally on the rise to reach X tons after six years of decline. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 38% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, whole fresh milk exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 49%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of whole fresh milk exports from Slovakia, with a combined 80% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +13.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for whole fresh milk exported from Slovakia were Italy ($X), the Czech Republic ($X) and Poland ($X), with a combined 79% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 an increase of 28% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Hungary ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Slovakia

In 2022, overseas purchases of whole fresh milk increased by 13% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +22.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 91%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of whole fresh milk imports to Slovakia, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +81.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest whole fresh milk suppliers to Slovakia were the Czech Republic ($X), Hungary ($X) and Austria ($X), with a combined 93% share of total imports.

Austria, with a CAGR of +75.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 whole fresh milk import price stood at $X per ton in 2022, rising by 6.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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