Slovakia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Slovakia - 2021
Contents:
- Virgin Olive Oil Price in Slovakia (CIF) - 2021
- Virgin Olive Oil Price in Slovakia (FOB) - 2022
- Virgin Olive Oil Imports in Slovakia
- Virgin Olive Oil Exports in Slovakia
Virgin Olive Oil Price in Slovakia (CIF) - 2021
The average virgin olive oil import price stood at $5,108 per ton in November 2021, surging by 6.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 16% against the previous month. Over the period under review, average import prices hit record highs in November 2021.
Average prices varied somewhat amongst the major supplying countries. In November 2021, the countries with the highest prices were Germany ($5,891 per ton) and Italy ($5,771 per ton), while the price for Spain ($3,953 per ton) and the Czech Republic ($4,850 per ton) were amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.
Virgin Olive Oil Price in Slovakia (FOB) - 2022
In 2022, the average virgin olive oil export price amounted to $4,571 per ton, reducing by -3.5% against the previous year. Over the period under review, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 91% against the previous year. As a result, the export price attained the peak level of $10,300 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($5,448 per ton), while the average price for exports to Poland ($3,547 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 Poland (+0.7%), while the prices for the other major destinations experienced a decline.
Virgin Olive Oil Imports in Slovakia
After three years of growth, supplies from abroad of virgin olive oil decreased by -4.2% to 1.8K tons in 2022. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 13%.
In value terms, virgin olive oil imports contracted to $7.6M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of $8.5M, and then contracted in the following year.
Import of Virgin Olive Oil in Slovakia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 4.3 | 3.1 | 4.9 | 4.3 | 0.0% |
Italy | 0.7 | 1.8 | 2.2 | 1.9 | 39.5% |
Germany | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
Greece | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
Netherlands | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
Czech Republic | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
Others | 0.1 | 0.5 | 0.2 | 0.3 | 44.2% |
Total | 6.4 | 6.8 | 8.5 | 7.6 | 5.9% |
Top Suppliers of Virgin Olive Oil to Slovakia in 2022:
- Spain (1004.4 tons)
- Italy (397.5 tons)
- Netherlands (95.4 tons)
- Greece (83.5 tons)
- Germany (70.7 tons)
- Czech Republic (48.4 tons)
Virgin Olive Oil Exports in Slovakia
In 2022, shipments abroad of virgin olive oil decreased by -2% to 357 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 197%.
In value terms, virgin olive oil exports contracted to $1.6M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 133% against the previous year.
Export of Virgin Olive Oil in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 632 | 790 | 741 | 725 | 4.7% |
Hungary | 9.7 | 414 | 723 | 707 | 317.7% |
Poland | 1.1 | 290 | 190 | 186 | 453.0% |
Others | 18.7 | 45.2 | 71.5 | 13.5 | -10.3% |
Total | 662 | 1,538 | 1,725 | 1,632 | 35.1% |
Top Export Markets for Virgin Olive Oil from Slovakia in 2022:
- Hungary (169.0 tons)
- Czech Republic (133.1 tons)
- Poland (52.4 tons)
This report provides an in-depth analysis of the virgin olive oil market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 261 - Oil of Olives, Virgin
Country coverage:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the virgin olive oil market in Slovakia.
This report provides an in-depth analysis of the olive oil market in Slovakia.
This report provides an in-depth analysis of the refined olive oil market in Slovakia.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the virgin olive oil market in Slovakia.
This report provides an in-depth analysis of the olive oil market in Slovakia.
This report provides an in-depth analysis of the refined olive oil market in Slovakia.
This report provides an in-depth analysis of the global virgin olive oil market.
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