Slovakia: Cherry Market 2024

Cherry Market Size in Slovakia

For the third consecutive year, the Slovak cherry market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed prominent growth. Cherry consumption peaked in 2022 and is expected to retain growth in years to come.

Cherry Production in Slovakia

In value terms, cherry production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Cherry production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average cherry yield in Slovakia contracted slightly to X tons per ha, stabilizing at 2021 figures. Over the period under review, the yield showed a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average cherry yield remained 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.

In 2022, approx. X ha of cherries were harvested in Slovakia; surging by X% against 2021. In general, the total harvested area indicated resilient growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry harvested area decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cherry production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Cherry Exports

Exports from Slovakia

In 2022, shipments abroad of cherries increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cherry exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) and the Czech Republic (X tons) were the main destinations of cherry exports from Slovakia.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%.

Export Prices by Country

The average cherry export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Cherry Imports

Imports into Slovakia

In 2022, cherry imports into Slovakia expanded slightly to X tons, surging by X% compared with the previous year. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cherry imports stood at $X in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of cherry to Slovakia, with a X% share of total imports. Moreover, cherry imports from Hungary exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Czech Republic (X% per year).

In value terms, Spain ($X), Hungary ($X) and the Czech Republic ($X) appeared to be the largest cherry suppliers to Slovakia, with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :