Price for Protein; Concentrates and Textured Protein Substances in Slovakia - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Slovakia (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Slovakia (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in Slovakia
- Imports of Protein; Concentrates and Textured Protein Substances in Slovakia
Price for Protein; Concentrates and Textured Protein Substances in Slovakia (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $5,156 per ton, leveling off at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices reached the peak figure at $6,130 per ton in September 2023; however, from October 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($15,149 per ton), while the average price for exports to Serbia ($4,133 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Slovakia (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $6,213 per ton in 2022, shrinking by -2.7% against the previous year. Over the period under review, the import price, however, saw perceptible growth. The growth pace was the most rapid in 2014 when the average import price increased by 83%. The import price peaked at $6,388 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($14,312 per ton), while the price for Serbia ($1,427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Slovakia
In 2022, after three years of growth, there was significant decline in overseas shipments of protein; concentrates and textured protein substanceses, when their volume decreased by -19% to 9.4K tons. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 71%.
In value terms, exports of protein; concentrates and textured protein substanceses shrank remarkably to $43M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 125%.
| Export of Protein; Concentrates and Textured Protein Substances in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.3 | 5.4 | 8.5 | 8.8 | 38.7% |
| Czech Republic | 3.7 | 9.8 | 20.8 | 8.4 | 31.4% |
| Romania | 0.4 | 4.5 | 12.1 | 4.3 | 120.7% |
| Serbia | 2.2 | 2.0 | 2.6 | 4.1 | 23.1% |
| Hungary | 0.6 | 2.1 | 3.2 | 3.5 | 80.0% |
| Germany | N/A | 0.2 | 2.7 | 3.0 | 287.3% |
| Austria | N/A | N/A | 0.2 | 1.2 | 500.0% |
| United Kingdom | 1.3 | 2.2 | 0.8 | 0.6 | -22.7% |
| Others | 1.3 | 2.8 | 4.6 | 9.0 | 90.6% |
| Total | 12.9 | 29.0 | 55.5 | 42.8 | 49.1% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Slovakia in 2022:
- Poland (2.7K tons)
- Czech Republic (1.7K tons)
- Serbia (1.0K tons)
- Germany (0.9K tons)
- Hungary (0.9K tons)
- Romania (0.4K tons)
- Austria (0.3K tons)
- United Kingdom (0.1K tons)
Imports of Protein; Concentrates and Textured Protein Substances in Slovakia
For the fourth consecutive year, Slovakia recorded growth in overseas purchases of protein; concentrates and textured protein substanceses, which increased by 42% to 2.8K tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses soared to $17M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 947 | 2,314 | 2,572 | 4,165 | 63.8% |
| Czech Republic | 1,155 | 2,327 | 3,146 | 2,373 | 27.1% |
| Germany | 938 | 781 | 2,202 | 2,051 | 29.8% |
| Hungary | 138 | 189 | 387 | 1,757 | 133.5% |
| Denmark | 461 | 393 | 758 | 1,572 | 50.5% |
| United Kingdom | 86.2 | 215 | 678 | 948 | 122.4% |
| Lithuania | 275 | 460 | 369 | 892 | 48.0% |
| Poland | 273 | 375 | 607 | 626 | 31.9% |
| Netherlands | 49.3 | 288 | 421 | 502 | 116.7% |
| Serbia | 288 | 360 | 184 | 69.1 | -37.9% |
| Others | 1,591 | 1,044 | 1,346 | 2,484 | 16.0% |
| Total | 6,201 | 8,746 | 12,670 | 17,438 | 41.1% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Slovakia in 2022:
- Denmark (801.3 tons)
- Czech Republic (524.1 tons)
- Germany (366.8 tons)
- Ireland (291.0 tons)
- Hungary (195.9 tons)
- Poland (128.5 tons)
- Lithuania (85.3 tons)
- United Kingdom (74.2 tons)
- Netherlands (63.8 tons)
- Serbia (48.4 tons)
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