Price for Pectic Substances; Pectinates and Pectates in Slovakia - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Slovakia (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Slovakia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Slovakia
4. Exports of Pectic Substances; Pectinates and Pectates in Slovakia

Price for Pectic Substances; Pectinates and Pectates in Slovakia (CIF) - 2023

The average import price for pectic substances; pectinates and pectateses stood at $11,001 per ton in May 2023, increasing by 5.1% against the previous month. Over the period under review, the import price posted moderate growth. The growth pace was the most rapid in October 2022 when the average import price increased by 137% m-o-m. As a result, import price attained the peak level of $28,494 per ton. From November 2022 to May 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Denmark ($19,749 per ton), while the price for the Czech Republic ($9,262 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 Denmark (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Slovakia (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $19,412 per ton in 2022, almost unchanged from the previous year. Overall, the export price saw a sharp reduction. The growth pace was the most rapid in 2017 an increase of 257%. Over the period under review, the average export prices reached the maximum at $158,256 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($27,333 per ton), while the average price for exports to Austria ($14,500 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Slovakia

In 2022, pectic substances; pectinates and pectates imports into Slovakia declined notably to 84 tons, dropping by -17.4% against the year before. Overall, imports faced a dramatic curtailment. The smallest decline of -9.1% was in 2021.

In value terms, pectic substances; pectinates and pectates imports fell notably to $879K in 2022. Over the period under review, imports faced a dramatic shrinkage. The smallest decline of -21.3% was in 2021.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Slovakia in 2022:

1. Czech Republic (54.2 tons)
2. Belgium (12.4 tons)
3. Denmark (11.5 tons)
4. Germany (5.0 tons)
5. Hungary (0.5 tons)

Exports of Pectic Substances; Pectinates and Pectates in Slovakia

In 2022, approx. 17 kg of pectic substances; pectinates and pectateses were exported from Slovakia; with an increase of 31% on 2021 figures. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 9,940%. As a result, the exports reached the peak of 502 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pectic substances; pectinates and pectates exports skyrocketed to $330 in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,867% against the previous year. As a result, the exports reached the peak of $8.4K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Slovakia in 2022:

1. Netherlands (12.0 kg)
2. United Kingdom (3.0 kg)
3. Austria (2.0 kg)

Source: IndexBox Market Intelligence Platform