Non-Liquid Margarine Price in Slovakia - 2023
Contents:
- Non-Liquid Margarine Price in Slovakia (CIF) - 2023
- Non-Liquid Margarine Price in Slovakia (FOB) - 2023
- Non-Liquid Margarine Imports in Slovakia
- Non-Liquid Margarine Exports in Slovakia
Non-Liquid Margarine Price in Slovakia (CIF) - 2023
The average non-liquid margarine import price stood at $1,460 per ton in May 2023, dropping by -30.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 42% against the previous month. As a result, import price reached the peak level of $2,099 per ton, and then shrank remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,438 per ton), while the price for Lithuania ($684 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Slovakia (FOB) - 2023
The average non-liquid margarine export price stood at $1,827 per ton in June 2023, growing by 3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in September 2022 an increase of 7.5% m-o-m. Over the period under review, the average export prices hit record highs at $1,863 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In June 2023, the highest price was recorded for prices to the Czech Republic ($1,967 per ton) and Poland ($1,796 per ton), while the average price for exports to Slovenia ($1,654 per ton) and Croatia ($1,714 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Slovakia
In 2022, approx. 12K tons of non-liquid margarine were imported into Slovakia; reducing by -1.9% on the year before. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year.
In value terms, non-liquid margarine imports surged to $20M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +106.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Non-Liquid Margarine in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 8.8 | 7.3 | 11.7 | 13.9 | 16.5% |
| Bulgaria | N/A | N/A | 0.6 | 2.1 | 250.0% |
| Germany | N/A | 0.6 | 1.2 | 1.5 | 58.1% |
| Czech Republic | 3.7 | 0.1 | 0.1 | 0.6 | -45.5% |
| Sweden | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| Denmark | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Lithuania | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.8 | 1.1 | 0.6 | 1.2 | 14.5% |
| Total | 14.4 | 9.9 | 15.2 | 20.4 | 12.3% |
Top Suppliers of Non-Liquid Margarine to Slovakia in 2022:
- Poland (8.1K tons)
- Bulgaria (1.2K tons)
- Germany (1.0K tons)
- Czech Republic (0.3K tons)
- Denmark (0.3K tons)
- Lithuania (0.3K tons)
- Sweden (0.3K tons)
Non-Liquid Margarine Exports in Slovakia
In 2022, the amount of non-liquid margarine exported from Slovakia expanded rapidly to 8K tons, with an increase of 13% compared with 2021. The total export volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, non-liquid margarine exports soared to $13M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1.9 | 2.7 | 4.5 | 6.3 | 49.1% |
| Poland | 0.9 | 1.5 | 2.8 | 4.0 | 64.4% |
| Czech Republic | 2.2 | 1.8 | 1.0 | 1.6 | -10.1% |
| Slovenia | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Croatia | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 5.4 | 6.4 | 9.0 | 13.3 | 35.0% |
Top Export Markets for Non-Liquid Margarine from Slovakia in 2022:
- Hungary (3.8K tons)
- Poland (2.4K tons)
- Czech Republic (1.1K tons)
- Slovenia (0.3K tons)
- Croatia (0.3K tons)
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