Slovakia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Slovakia

The Slovak chili and pepper market skyrocketed to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chili And Pepper Production in Slovakia

In value terms, chili and pepper production rose to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Chili and pepper production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average yield of chilies and peppers (green) in Slovakia skyrocketed to X tons per ha, jumping by X% on the previous year. In general, the yield indicated a modest increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper yield decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the average chili and pepper yield attained the maximum level at X tons per ha in 2021; however, from 2022 to 2023, 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 2023, the total area harvested in terms of chilies and peppers (green) production in Slovakia skyrocketed to X ha, jumping by X% on 2022 figures. Over the period under review, the harvested area, however, showed a abrupt setback. The chili and pepper harvested area peaked at X ha in 2016; however, from 2017 to 2023, the harvested area remained at a lower figure.

Chili And Pepper Exports

Exports from Slovakia

In 2023, overseas shipments of chilies and peppers (green) increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, chili and pepper exports soared to $X in 2023. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for chili and pepper exports from Slovakia, accounting for a X% share of total exports. Moreover, chili and pepper exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

In value terms, Hungary ($X) remains the key foreign market for chilies and peppers (green) exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average chili and pepper export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chili And Pepper Imports

Imports into Slovakia

In 2023, imports of chilies and peppers (green) into Slovakia reduced slightly to X tons, flattening at the previous year. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports surged to $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of chili and pepper imports to Slovakia, together accounting for X% of total imports. Germany, the Netherlands, Poland, France, Italy, Turkey, Serbia and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Spain ($X) and Germany ($X) constituted the largest chili and pepper suppliers to Slovakia, with a combined X% share of total imports. The Netherlands, Hungary, Poland, Turkey, France, Italy, Greece and Serbia lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, 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 chili and pepper import price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform