Cereals; Rye, Seed Price in Slovakia - 2022

Contents:

  1. Cereals; Rye, Seed Price in Slovakia (CIF) - 2022
  2. Cereals; Rye, Seed Price in Slovakia (FOB) - 2022
  3. Cereals; Rye, Seed Imports in Slovakia
  4. Cereals; Rye, Seed Exports in Slovakia

Cereals; Rye, Seed Price in Slovakia (CIF) - 2022

In 2022, the average cereals; rye, seed import price amounted to $729 per ton, which is down by -21.3% against the previous year. In general, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. The import price peaked at $1,165 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($900 per ton), while the price for the Czech Republic ($422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Cereals; Rye, Seed Price in Slovakia (FOB) - 2022

In 2022, the average cereals; rye, seed export price amounted to $511 per ton, growing by 7.3% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices hit record highs at $748 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($994 per ton), while the average price for exports to the Czech Republic ($413 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cereals; Rye, Seed Imports in Slovakia

In 2022, the amount of cereals; rye, seeds imported into Slovakia skyrocketed to 424 tons, picking up by 42% against the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% 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 +44.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereals; rye, seed imports rose sharply to $309K in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction.

Import of Cereals; Rye, Seed in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany209234160123-16.2%
Austria92.285.359.189.2-1.1%
Hungary8.5N/A45.257.589.1%
Poland11.89.211.824.026.7%
Czech Republic14.712.50.314.70.0%
Others0.7N/AN/A0.3-24.6%
Total336341276309-2.8%

Top Suppliers of Cereals; Rye, Seed to Slovakia in 2022:

  1. Germany (142.1 tons)
  2. Austria (121.1 tons)
  3. Hungary (98.6 tons)
  4. Czech Republic (34.8 tons)
  5. Poland (26.7 tons)

Cereals; Rye, Seed Exports in Slovakia

In 2022, cereals; rye, seed exports from Slovakia fell rapidly to 122 tons, dropping by -33.9% compared with the year before. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 182%.

In value terms, cereals; rye, seed exports dropped significantly to $63K in 2022. In general, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 139% against the previous year.

Export of Cereals; Rye, Seed in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland15.1N/AN/A24.617.7%
Austria31.9N/A61.314.0-24.0%
Germany21.7N/AN/A12.1-17.7%
Czech Republic9.133.1N/A7.0-8.4%
Hungary2.23.8N/A2.99.6%
Switzerland5.6N/AN/A1.9-30.3%
UkraineN/AN/A26.8N/A0%
Others52.7N/AN/AN/A0%
Total13836.988.162.5-23.2%

Top Export Markets for Cereals; Rye, Seed from Slovakia in 2022:

  1. Poland (54.2 tons)
  2. Germany (24.4 tons)
  3. Austria (18.9 tons)
  4. Czech Republic (16.9 tons)
  5. Hungary (5.9 tons)
  6. Switzerland (1.9 tons)

Source: IndexBox Market Intelligence Platform

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