Czech Republic: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in the Czech Republic

The Czech market for condensed or evaporated milk (sweetened) declined to $X in 2022, reducing by -8.9% against the previous year. In general, consumption showed a perceptible setback. Sweetened condensed and evaporated milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in the Czech Republic

In value terms, sweetened condensed and evaporated milk production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 25%. Sweetened condensed and evaporated milk production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from the Czech Republic

In 2022, after three years of growth, there was decline in shipments abroad of condensed or evaporated milk (sweetened), when their volume decreased by -3.9% to X tons. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +20.3% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. 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, sweetened condensed and evaporated milk exports totaled $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +38.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for sweetened condensed and evaporated milk exports from the Czech Republic, accounting for a 78% share of total exports. Moreover, sweetened condensed and evaporated milk exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Hungary (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+86.6% per year) and Hungary (+32.5% per year).

In value terms, Slovakia ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from the Czech Republic, comprising 83% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.5% share of total exports. It was followed by Ireland, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+87.1% per year) and Ireland (+110.1% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, increasing by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Hungary ($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 Lithuania (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into the Czech Republic

In 2022, the amount of condensed or evaporated milk (sweetened) imported into the Czech Republic dropped notably to X tons, with a decrease of -65.2% on the previous year's figure. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk imports shrank notably to $X in 2022. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to the Czech Republic, accounting for a 64% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+78.0% per year) and Belgium (+13.7% per year).

In value terms, Germany ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to the Czech Republic, comprising 58% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.5% per year) and France (+78.9% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, rising by 52% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price 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, sweetened condensed and evaporated milk import price increased by +66.1% against 2020 indices. 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 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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