Slovakia: Potato Market 2024

Potato Market Size in Slovakia

In 2023, the Slovak potato market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Potato Production in Slovakia

In value terms, potato production declined slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Potato production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

The average yield of potatoes in Slovakia rose slightly to X tons per ha in 2023, picking up by X% on the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. Over the period under review, the average potato yield reached the peak level at X tons per ha in 2021; however, from 2022 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area in Slovakia rose to X ha in 2023, picking up by X% against 2022 figures. Overall, the harvested area, however, showed a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to potato production reached the maximum at X ha in 2014; however, from 2015 to 2023, the harvested area failed to regain momentum.

Potato Exports

Exports from Slovakia

Potato exports from Slovakia skyrocketed to X tons in 2023, picking up by X% on 2022 figures. In general, exports showed buoyant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, potato exports surged to $X in 2023. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Hungary (X tons) was the main destination for potato exports from Slovakia, with a X% share of total exports. Moreover, potato exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (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 Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Italy (X% per year).

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

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

Export Prices by Country

In 2023, the average potato export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($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 Austria (X%), while the prices for the other major destinations experienced a decline.

Potato Imports

Imports into Slovakia

Potato imports into Slovakia skyrocketed to X tons in 2023, with an increase of X% against 2022. Overall, total imports indicated a remarkable increase from 2012 to 2023: its volume 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, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, potato imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the Czech Republic (X tons) constituted the largest supplier of potato to Slovakia, with a X% share of total imports. Moreover, potato imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of potatoes to Slovakia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2023, the average annual growth rate of value from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

The average potato import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated a pronounced increase 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, potato import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform