Slovakia: Cream Fresh Market 2024

Cream Fresh Market Size in Slovakia

The Slovak cream fresh market rose notably to $X in 2023, with an increase of X% against the previous year. Overall, consumption continues to indicate a significant expansion. Cream fresh consumption peaked in 2023 and is expected to retain growth in the immediate term.

Cream Fresh Production in Slovakia

In value terms, cream fresh production rose sharply to $X in 2023 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Cream fresh production peaked in 2023 and is expected to retain growth in years to come.

Cream Fresh Exports

Exports from Slovakia

In 2023, shipments abroad of cream fresh increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cream fresh exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

The Czech Republic (X tons) was the main destination for cream fresh exports from Slovakia, with a X% share of total exports. Moreover, cream fresh exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

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

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

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2023: its price 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, cream fresh export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Hungary ($X per ton), while the average price for exports to Germany ($X per ton) and Poland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Slovakia

In 2023, approx. X tons of cream fresh were imported into Slovakia; surging by X% compared with the previous year's figure. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, cream fresh imports declined modestly to $X in 2023. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted modestly in the following year.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main suppliers of cream fresh imports to Slovakia, together comprising X% of total imports.

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

In value terms, the largest cream fresh suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and Lithuania ($X), together comprising X% of total imports. Hungary, Germany and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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 cream fresh import price stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Hungary ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform