Czech Republic: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in the Czech Republic

In 2022, after two years of growth, there was significant decline in the Czech chocolate and confectionery market, when its value decreased by -6.5% to $X. In general, the total consumption indicated a buoyant 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, consumption increased by +31.6% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Chocolate And Confectionery Production in the Czech Republic

In value terms, chocolate and confectionery production dropped to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. Chocolate and confectionery production peaked at $X in 2021, and then fell modestly in the following year.

Chocolate And Confectionery Exports

Exports from the Czech Republic

In 2022, shipments abroad of chocolate and confectionery was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 13%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, chocolate and confectionery exports reached $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for chocolate and confectionery exports from the Czech Republic, accounting for a 39% share of total exports. Moreover, chocolate and confectionery exports to Slovakia exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.0% per year) and Hungary (+0.8% per year).

In value terms, Slovakia ($X) remains the key foreign market for chocolate and confectionery exports from the Czech Republic, comprising 36% of total exports. The second position in the ranking was held by Hungary ($X), with a 10% share of total exports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+6.4% per year) and Germany (+0.6% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, shrinking by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ukraine ($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 Hungary (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the Czech Republic

In 2022, the amount of chocolate and confectionery imported into the Czech Republic rose sharply to X tons, picking up by 8.7% compared with 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery imports totaled $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest chocolate and confectionery supplier to the Czech Republic, with a 29% share of total imports. Moreover, chocolate and confectionery imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.5% per year) and the Netherlands (-1.5% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate and confectionery to the Czech Republic, comprising 32% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Belgium, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.8% per year) and Belgium (+1.7% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, declining by -7.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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