Czech Republic: Chocolate Market 2024

Chocolate Market Size in the Czech Republic

For the fourth year in a row, the Czech chocolate market recorded growth in sales value, which increased by 16% to $X in 2022. In general, consumption showed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Chocolate Production in the Czech Republic

In value terms, chocolate production reduced slightly to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 148% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Chocolate Exports

Exports from the Czech Republic

In 2022, overseas shipments of chocolate and other food preparations containing cocoa decreased by -8.2% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, chocolate exports fell to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons), Hungary (X tons) and Slovakia (X tons) were the main destinations of chocolate exports from the Czech Republic, together comprising 88% of total exports. Austria, Germany, Italy and Romania lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from the Czech Republic were Poland ($X), Hungary ($X) and Slovakia ($X), with a combined 86% share of total exports. These countries were followed by Austria, Germany, Italy and Romania, which together accounted for a further 11%.

In terms of the main countries of destination, Germany, with a CAGR of +33.4%, 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

In 2022, the average chocolate export price amounted to $X per ton, with a decrease of -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($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 Romania (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into the Czech Republic

Chocolate imports into the Czech Republic amounted to X tons in 2022, surging by 13% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate imports rose notably to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +59.6% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 27%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Belgium (X tons), Slovakia (X tons) and France (X tons) were the main suppliers of chocolate imports to the Czech Republic, together accounting for 56% of total imports. These countries were followed by Poland, Germany, Italy, Austria and Spain, which together accounted for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +108.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate suppliers to the Czech Republic were Belgium ($X), Slovakia ($X) and Poland ($X), together comprising 59% of total imports. These countries were followed by France, Germany, Italy, Spain and Austria, which together accounted for a further 34%.

Among the main suppliers, Spain, with a CAGR of +94.6%, 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 chocolate import price stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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