Czech Republic: Cream Fresh Market 2024

Cream Fresh Market Size in the Czech Republic

In 2022, the Czech cream fresh market decreased by -9.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cream Fresh Production in the Czech Republic

In value terms, cream fresh production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.4% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Cream Fresh Exports

Exports from the Czech Republic

After three years of decline, overseas shipments of cream fresh increased by 46% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cream fresh exports skyrocketed to $X in 2022. In general, total exports indicated a tangible increase 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 +104.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main destinations of cream fresh exports from the Czech Republic, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cream fresh exported from the Czech Republic were Slovakia ($X), Germany ($X) and Poland ($X), with a combined 87% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +25.8%, 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

The average cream fresh export price stood at $X per ton in 2022, surging by 29% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Bulgaria (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into the Czech Republic

In 2022, the amount of cream fresh imported into the Czech Republic shrank rapidly to X tons, waning by -15.9% against the previous year's figure. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cream fresh imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of cream fresh imports to the Czech Republic, with a combined 82% share of total imports. Slovakia, Lithuania, Austria and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to the Czech Republic were Germany ($X), Poland ($X) and Belgium ($X), with a combined 77% share of total imports. Slovakia, Lithuania, Austria and France lagged somewhat behind, together accounting for a further 21%.

Austria, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh import price increased by +40.1% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Slovakia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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