Liqueurs and Cordials Price in Slovakia - 2023
Contents:
- Liqueurs and Cordials Price in Slovakia (CIF) - 2023
- Liqueurs and Cordials Price in Slovakia (FOB) - 2023
- Liqueurs and Cordials Imports in Slovakia
- Liqueurs and Cordials Exports in Slovakia
Liqueurs and Cordials Price in Slovakia (CIF) - 2023
The average liqueurs and cordials import price stood at $4.7 per litre in May 2023, shrinking by -12.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 34% m-o-m. Over the period under review, average import prices reached the maximum at $5.6 per litre in January 2023; however, from February 2023 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($13.6 per litre), while the price for Italy ($1.6 per litre) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Slovakia (FOB) - 2023
In June 2023, the average liqueurs and cordials export price amounted to $4.4 per litre, growing by 22% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 71% against the previous month. The export price peaked at $7.5 per litre in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Hungary ($18.9 per litre), while the average price for exports to Croatia ($1.8 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Slovakia
In 2022, liqueurs and cordials imports into Slovakia was estimated at 4.1M litres, picking up by 4.9% on 2021 figures. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, liqueurs and cordials imports expanded slightly to $18M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Liqueurs and Cordials in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 8.0 | 7.8 | 9.5 | 29.2% |
| Czech Republic | 7.5 | 3.6 | 5.1 | 4.4 | -16.3% |
| Ireland | 1.1 | 1.2 | 1.8 | 1.6 | 13.3% |
| Netherlands | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Belgium | 0.7 | 0.6 | 1.1 | 0.4 | -17.0% |
| Hungary | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Italy | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 0.6 | 0.7 | 0.9 | 1.4 | 32.6% |
| Total | 15.1 | 15.0 | 17.7 | 18.3 | 6.6% |
Top Suppliers of Liqueurs and Cordials to Slovakia in 2022:
- Germany (1708.2K litres)
- Czech Republic (1673.4K litres)
- Netherlands (167.2K litres)
- Ireland (154.4K litres)
- Hungary (111.7K litres)
- Italy (72.8K litres)
- Belgium (51.6K litres)
Liqueurs and Cordials Exports in Slovakia
In 2022, the amount of liqueurs and cordialses exported from Slovakia reduced to 2.1M litres, which is down by -12.8% against the year before. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports reached the peak of 2.4M litres, and then fell in the following year.
In value terms, liqueurs and cordials exports surged to $9.6M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Liqueurs and Cordials in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.6 | 2.7 | 3.0 | 3.3 | 8.3% |
| Hungary | 2.6 | 2.1 | 2.1 | 2.8 | 2.5% |
| Romania | 0.9 | 0.9 | 1.3 | 1.1 | 6.9% |
| Netherlands | 0.1 | 0.1 | N/A | 0.7 | 91.3% |
| Poland | 0.7 | 0.6 | 0.7 | 0.7 | 0.0% |
| Germany | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Bulgaria | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Total | 7.5 | 7.1 | 8.0 | 9.6 | 8.6% |
Top Export Markets for Liqueurs and Cordials from Slovakia in 2022:
- Czech Republic (883.5K litres)
- Hungary (363.8K litres)
- Romania (258.7K litres)
- Poland (180.0K litres)
- Netherlands (100.0K litres)
- Germany (89.2K litres)
- Bulgaria (41.1K litres)
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