Slovakia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Slovakia

In 2023, after five years of growth, there was significant decline in the Slovak cheese and curd market, when its value decreased by X% to $X. Overall, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Cheese And Curd Production in Slovakia

In value terms, cheese and curd production reached $X in 2023 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2023: its value 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, production increased by X% against 2015 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Cheese and curd production peaked in 2023 and is expected to retain growth in the near future.

Cheese And Curd Exports

Exports from Slovakia

In 2023, shipments abroad of cheese and curd decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, total exports indicated a measured expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, cheese and curd exports reduced to $X in 2023. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for cheese and curd exports from Slovakia, accounting for a X% share of total exports. Moreover, cheese and curd exports to the Czech Republic exceeded the volume sent to the second major destination, the UK (X tons), twofold. Germany (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 the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X), the UK ($X) and Germany ($X) were the largest markets for cheese and curd exported from Slovakia worldwide, with a combined X% share of total exports. Belgium, Hungary, France and Italy lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

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

Cheese And Curd Imports

Imports into Slovakia

In 2023, overseas purchases of cheese and curd decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, cheese and curd imports declined rapidly to $X in 2023. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to Slovakia, with a combined X% share of total imports. The Netherlands, Italy and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the Czech Republic ($X), Poland ($X) and Germany ($X) appeared to be the largest cheese and curd suppliers to Slovakia, with a combined X% share of total imports. The Netherlands, Italy and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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 Italy ($X per ton), while the price for the Netherlands ($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