Czech Republic: Biodiesel Market 2024

Biodiesel Market Size in the Czech Republic

In 2021, the Czech biodiesel market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Biodiesel Production in the Czech Republic

In value terms, biodiesel production rose to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20%. Biodiesel production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Biodiesel Exports

Exports from the Czech Republic

In 2021, overseas shipments of biodiesel decreased by -10.4% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 149% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, biodiesel exports surged to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 139%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of biodiesel exports from the Czech Republic, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +47.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and the Netherlands ($X) were the largest markets for biodiesel exported from the Czech Republic worldwide, with a combined 72% share of total exports.

Poland, with a CAGR of +52.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 biodiesel export price stood at $X per ton in 2021, growing by 50% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel export price increased by +51.0% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into the Czech Republic

In 2021, supplies from abroad of biodiesel increased by 2.6% to X tons, rising for the second year in a row after four years of decline. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 66%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, biodiesel imports surged to $X in 2021. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Slovakia (X tons) were the main suppliers of biodiesel imports to the Czech Republic, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +295.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest biodiesel suppliers to the Czech Republic were the Netherlands ($X), Poland ($X) and Slovakia ($X), with a combined 83% share of total imports.

The Netherlands, with a CAGR of +316.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2021, jumping by 60% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel import price increased by +102.6% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Poland ($X per ton), while the price for Germany ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :