Czech Republic: Biological Product Market 2024

Biological Product Market Size in the Czech Republic

In 2022, the Czech biological product market increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption, however, posted resilient growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Biological Product Production in the Czech Republic

In value terms, biological product production surged to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Biological product production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of biological products decreased by X% to X tons in 2022. Over the period under review, exports, however, showed slight growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, biological product exports reduced sharply to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons), Slovakia (X tons) and Ireland (X tons) were the main destinations of biological product exports from the Czech Republic, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Slovakia ($X) and Germany ($X) constituted the largest markets for biological product exported from the Czech Republic worldwide, with a combined X% share of total exports. Ireland, Austria, the UK, Hungary, the United States, Greece, Ukraine, Poland, Spain and Romania lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Biological Product Imports

Imports into the Czech Republic

In 2022, after two years of growth, there was significant decline in purchases abroad of biological products, when their volume decreased by X% to X tons. Overall, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, biological product imports contracted significantly to $X in 2022. In general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of biological product to the Czech Republic, accounting for a X% share of total imports. Moreover, biological product imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of biological products to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with an X% share of total imports. It was followed by Hungary, with a X% share.

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

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price 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. As a result, import price reached 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 Switzerland ($X,676 per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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