Czech Republic: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in the Czech Republic

The Czech market for caviar (salmon) and caviar substitutes declined slightly to $X in 2021, with a decrease of -3.4% against the previous year. In general, consumption, however, showed a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in the Czech Republic

In value terms, caviar (salmon) and caviar substitutes production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 81%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from the Czech Republic

After four years of growth, shipments abroad of caviar (salmon) and caviar substitutes decreased by -17.7% to X tons in 2021. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 110% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, caviar (salmon) and caviar substitutes exports rose significantly to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 74% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovakia (X tons), Lithuania (X tons) and Romania (X kg) were the main destinations of caviar (salmon) and caviar substitutes exports from the Czech Republic, together comprising 99% 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 Lithuania (with a CAGR of +79.0%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from the Czech Republic, comprising 70% of total exports. The second position in the ranking was held by Lithuania ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+74.6% per year) and Romania (-5.6% per year).

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, increasing by 28% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Romania ($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 (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into the Czech Republic

In 2021, the amount of caviar (salmon) and caviar substitutes imported into the Czech Republic skyrocketed to X tons, rising by 75% against the year before. In general, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 99% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

Denmark (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to the Czech Republic, with a combined 82% share of total imports. Sweden, the Netherlands, Austria and Slovakia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +108.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to the Czech Republic were Denmark ($X), Germany ($X) and Poland ($X), together accounting for 75% of total imports. These countries were followed by the Netherlands, Austria, Slovakia and Sweden, which together accounted for a further 20%.

Among the main suppliers, the Netherlands, with a CAGR of +130.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, picking up by 41% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 77% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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