Slovenia: Oil Crops Market 2024

Oil Crops Market Size in Slovenia

The Slovene oil crops market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a notable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Oil Crops Production in Slovenia

In value terms, oil crops production stood at $X in 2022 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Oil crops production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of oil crops (primary) in Slovenia surged to X tons per ha, increasing by X% compared with the previous year. Overall, the yield, however, continues to indicate a abrupt setback. Over the period under review, the average oil crops yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of oil crops (primary) in Slovenia declined to X ha, shrinking by X% compared with the year before. Over the period under review, the harvested area, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The oil crops harvested area peaked at X ha in 2021, and then shrank slightly in the following year.

Oil Crops Exports

Exports from Slovenia

In 2022, overseas shipments of oil crops (primary) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports surged to $X in 2022. In general, exports showed a notable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Italy (X tons) was the main destination for oil crops exports from Slovenia, accounting for a X% share of total exports. Moreover, oil crops exports to Italy exceeded the volume sent to the second major destination, Austria (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Italy ($X) remains the key foreign market for oil crops (primary) exports from Slovenia, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Hungary ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Slovenia

For the third year in a row, Slovenia recorded growth in purchases abroad of oil crops (primary), which increased by X% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, oil crops imports surged to $X in 2022. Over the period under review, imports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest oil crops supplier to Slovenia, with a X% share of total imports. Moreover, oil crops imports from Ukraine exceeded the figures recorded by the second-largest supplier, Croatia (X tons), sixfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of oil crops (primary) to Slovenia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Croatia (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Hungary ($X per ton), while the price for Ukraine ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform