Slovakia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Slovakia

The Slovak chili and pepper market surged to $X in 2023, jumping by X% against the previous year. The market value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chili And Pepper Production in Slovakia

In value terms, chili and pepper production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Chili and pepper production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

In 2023, the average chili and pepper yield in Slovakia skyrocketed to X tons per ha, growing by X% on the previous year's figure. Over the period under review, the yield indicated modest growth from 2012 to 2023: its figure 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, chili and pepper yield decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. The chili and pepper yield peaked 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.

In 2023, approx. X ha of chilies and peppers (green) were harvested in Slovakia; jumping by X% against the year before. In general, the harvested area, however, saw a abrupt slump. Over the period under review, the harvested area dedicated to chili and pepper production attained the maximum at X ha in 2016; however, from 2017 to 2023, the harvested area failed to regain momentum.

Chili And Pepper Exports

Exports from Slovakia

In 2023, shipments abroad of chilies and peppers (green) was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, chili and pepper exports skyrocketed to $X in 2023. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for chili and pepper exports from Slovakia, accounting for a X% share of total exports. Moreover, chili and pepper 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 taken by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate 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 the Netherlands (X% per year).

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

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

Export Prices by Country

In 2023, the average chili and pepper export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X%. 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 stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chili And Pepper Imports

Imports into Slovakia

Chili and pepper imports into Slovakia reduced slightly to X tons in 2023, stabilizing at the previous year. Over the period under review, total imports indicated pronounced growth 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, chili and pepper imports surged to $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value 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 2014 indices. The most prominent rate of growth was recorded in 2018 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.

Imports by Country

The Czech Republic (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of chili and pepper imports to Slovakia, with a combined X% share of total imports. Germany, the Netherlands, Poland, France, Italy, Turkey, Serbia and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Spain ($X) and Germany ($X) constituted the largest chili and pepper suppliers to Slovakia, with a combined X% share of total imports. The Netherlands, Hungary, Poland, Turkey, France, Italy, Greece and Serbia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the average chili and pepper import price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform