Czech Republic: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in the Czech Republic

In 2021, after three years of decline, there was significant growth in the Czech breakfast cereal market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a pronounced decline. Breakfast cereal consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in the Czech Republic

In value terms, breakfast cereal production declined modestly to $X in 2021 estimated in export price. In general, production recorded temperate growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Breakfast Cereal Exports

Exports from the Czech Republic

In 2021, breakfast cereal exports from the Czech Republic amounted to X tons, approximately mirroring 2020. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, breakfast cereal exports expanded significantly to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main destinations of breakfast cereal exports from the Czech Republic, together accounting for X% of total exports. These countries were followed by Hungary, Denmark, Croatia, Italy, Romania, Bulgaria, France, Serbia, the Netherlands and Norway, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for breakfast cereal exported from the Czech Republic were Germany ($X), Slovakia ($X) and Poland ($X), together accounting for X% of total exports. Hungary, Denmark, Croatia, France, Romania, Italy, Serbia, Bulgaria, Norway and the Netherlands lagged somewhat behind, together accounting for a further X the main countries of destination, the Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into the Czech Republic

In 2021, breakfast cereal imports into the Czech Republic skyrocketed to X tons, with an increase of X% compared with the year before. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% 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 +X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and France (X tons) were the main suppliers of breakfast cereal imports to the Czech Republic, with a combined X% share of total imports. Slovakia, Turkey, Ukraine, Hungary, Belgium, the UK and Italy lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and France ($X) appeared to be the largest breakfast cereal suppliers to the Czech Republic, together accounting for X% of total imports. These countries were followed by Slovakia, the UK, Hungary, Belgium, Italy, Ukraine and Turkey, which together accounted for a further X, with a CAGR of +X%, 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 breakfast cereal import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :