Czech Republic: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the Czech Republic

The Czech butter and dairy spreads market expanded sharply to $X in 2022, growing by 7.3% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Butter And Dairy Spreads in the Czech Republic

In value terms, butter and dairy spreads production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with a decrease of 99.9%. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Butter And Dairy Spreads

Exports from the Czech Republic

In 2022, the amount of butter and dairy spreads exported from the Czech Republic soared to X tons, with an increase of 36% against the previous year. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when exports increased by 50%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +154.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Slovakia (X tons) and Poland (X tons) were the main destinations of butter and dairy spreads exports from the Czech Republic, together accounting for 68% of total exports. Romania, Hungary, Lithuania, Spain and Bulgaria lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +331.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and dairy spreads exported from the Czech Republic were Italy ($X), Slovakia ($X) and Romania ($X), with a combined 68% share of total exports. Poland, Hungary, Lithuania, Spain and Bulgaria lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Spain, with a CAGR of +354.2%, recorded 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 butter and dairy spreads export price stood at $X per ton in 2022, growing by 38% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price increased by +72.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 79%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Romania ($X per ton), while the average price for exports to Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into the Czech Republic

In 2022, purchases abroad of butter and dairy spreads decreased by -8.5% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 19%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of butter and dairy spreads to the Czech Republic, with a 57% share of total imports. Moreover, butter and dairy spreads imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Slovakia (-2.2% per year).

In value terms, Poland ($X) constituted the largest supplier of butter and dairy spreads to the Czech Republic, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Belgium, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and Belgium (+1.2% per year).

Import Prices by Country

In 2022, the average butter and dairy spreads import price amounted to $X per ton, picking up by 36% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +76.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 64%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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