Flakes; of Potatoes Price in Slovakia - 2023

Flakes; of Potatoes Price in Slovakia (CIF) - 2023

In July 2023, the average flakes; of potatoes import price amounted to $2,405 per ton, reducing by -30.4% against the previous month. In general, import price indicated a measured expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, flakes; of potatoes import price decreased by -30.4% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 83% m-o-m. As a result, import price attained the peak level of $3,754 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($4,018 per ton), while the price for Spain ($1,928 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Slovakia (FOB) - 2022

In 2022, the average flakes; of potatoes export price amounted to $960 per ton, waning by -27.7% against the previous year. In general, the export price faced a precipitous decline. The most prominent rate of growth was recorded in 2019 an increase of 70% against the previous year. The export price peaked at $14,772 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($2,106 per ton), while the average price for exports to the Czech Republic stood at $927 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-5.8%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in Slovakia

In 2022, purchases abroad of flakes; of potatoeses was finally on the rise to reach 405 tons after two years of decline. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flakes; of potatoes imports surged to $866K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Flakes; of Potatoes in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	226	351	189	606	38.9%
Poland	185	154	247	173	-2.2%
Austria	61.2	55.0	57.0	53.2	-4.6%
Germany	N/A	N/A	N/A	32.5	0%
Belgium	86.9	N/A	N/A	N/A	0%
Czech Republic	36.2	19.3	22.8	N/A	-20.6%
Others	2.4	95.3	4.5	1.0	-25.3%
Total	598	675	520	866	13.1%

Top Suppliers of Flakes; of Potatoes to Slovakia in 2022:

Spain (263.3 tons)
Poland (115.4 tons)
Austria (15.6 tons)
Germany (10.1 tons)

Flakes; of Potatoes Exports in Slovakia

In 2022, shipments abroad of flakes; of potatoeses decreased by -29.9% to 16 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports attained the peak of 38 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, flakes; of potatoes exports shrank markedly to $16K in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -16% was in 2021.