SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS

The subject of this article's analysis is the position of the Slovak food industry on the domestic and foreign markets. The period under review was 2015-2019. The identification of the share of Slovak products in the retail network was carried out on the basis of two methodological approaches,...

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Main Author: Maroš VALACH
Format: Article
Language:English
Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2023-01-01
Series:Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
Online Access:https://managementjournal.usamv.ro/pdf/vol.23_4/Art90.pdf
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author Maroš VALACH
author_facet Maroš VALACH
author_sort Maroš VALACH
collection DOAJ
description The subject of this article's analysis is the position of the Slovak food industry on the domestic and foreign markets. The period under review was 2015-2019. The identification of the share of Slovak products in the retail network was carried out on the basis of two methodological approaches, which are based on statistically available data, one in financial and the other in kind terms. Research results show that the food industry in the Slovak Republic is thriving, with revenues exceeding costs in the long term. Labour productivity from added value, which is an important economic indicator of the industry's competitiveness, grows over time, which is caused by a decrease in the workforce. On the domestic market, it is a priority to resist the pressure of foreign imports and to increase the share of Slovak products in domestic retail network. The low competitiveness of Slovak food products is reflected in the massive import of substitutable food products that can be produced domestically.
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series Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
spelling doaj-art-a34ea9b2f80a44228983ae47ed741d392025-08-20T02:40:23ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522023-01-01234903914574SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETSMaroš VALACHThe subject of this article's analysis is the position of the Slovak food industry on the domestic and foreign markets. The period under review was 2015-2019. The identification of the share of Slovak products in the retail network was carried out on the basis of two methodological approaches, which are based on statistically available data, one in financial and the other in kind terms. Research results show that the food industry in the Slovak Republic is thriving, with revenues exceeding costs in the long term. Labour productivity from added value, which is an important economic indicator of the industry's competitiveness, grows over time, which is caused by a decrease in the workforce. On the domestic market, it is a priority to resist the pressure of foreign imports and to increase the share of Slovak products in domestic retail network. The low competitiveness of Slovak food products is reflected in the massive import of substitutable food products that can be produced domestically.https://managementjournal.usamv.ro/pdf/vol.23_4/Art90.pdf
spellingShingle Maroš VALACH
SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
title SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
title_full SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
title_fullStr SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
title_full_unstemmed SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
title_short SLOVAK FOOD INDUSTRY AND ITS POSITION ON THE DOMESTIC AND FOREIGN MARKETS
title_sort slovak food industry and its position on the domestic and foreign markets
url https://managementjournal.usamv.ro/pdf/vol.23_4/Art90.pdf
work_keys_str_mv AT marosvalach slovakfoodindustryanditspositiononthedomesticandforeignmarkets