Slovakia: Cream Market 2021

Cream Market Size in Slovakia

The Slovak cream market dropped markedly to $X in 2020, shrinking by -X% against the previous year. In general, consumption saw a deep contraction. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2009 to 2020, the growth of the market failed to regain the momentum.

Cream Production in Slovakia

In value terms, cream production stood at $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Cream production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Cream Exports

Exports from Slovakia

In 2020, shipments abroad of cream increased by X% to X tons, rising for the eleventh year in a row after two years of decline. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, cream exports stood at $X in 2020. Overall, total exports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2010 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for cream exports from Slovakia, accounting for a X% share of total exports. Moreover, cream exports to Italy exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Hungary (-X% per year).

In value terms, Italy ($X), the Czech Republic ($X) and Germany ($X) appeared to be the largest markets for cream exported from Slovakia worldwide, together comprising X% of total exports.

Among the main countries of destination, Italy recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into Slovakia

For the fourteenth consecutive year, Slovakia recorded growth in purchases abroad of cream, which increased by X% to X tons in 2020. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, cream imports dropped to $X in 2020. Overall, imports showed a pronounced expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, the Czech Republic (X tons) constituted the largest cream supplier to Slovakia, accounting for a X% share of total imports. Moreover, cream imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from the Czech Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

In value terms, Poland ($X), the Czech Republic ($X) and Germany ($X) were the largest cream suppliers to Slovakia, together accounting for X% of total imports.

Among the main suppliers, Poland 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 mixed trend patterns.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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