Czech Republic: Powdered Milk Market 2024

Powdered Milk Market Size in the Czech Republic

In 2022, the Czech powdered milk market increased by 25% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Powdered Milk Production in the Czech Republic

In value terms, powdered milk production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Powdered Milk Exports

Exports from the Czech Republic

For the fourth year in a row, the Czech Republic recorded decline in shipments abroad of powdered milk, which decreased by -6.9% to X tons in 2022. In general, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2016 when exports increased by 11%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered milk exports expanded markedly to $X in 2022. Overall, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons), Slovakia (X tons) and Lebanon (X tons) were the main destinations of powdered milk exports from the Czech Republic, together comprising 42% of total exports. Thailand, Poland, the Netherlands, Croatia, Serbia, North Macedonia, Hungary, Bulgaria, Cuba and Belgium lagged somewhat behind, together comprising a further 46%.

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 +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Slovakia ($X) and Lebanon ($X) appeared to be the largest markets for powdered milk exported from the Czech Republic worldwide, together comprising 43% of total exports. Thailand, Poland, the Netherlands, Serbia, North Macedonia, Hungary, Croatia, Bulgaria, Cuba and Belgium lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, Poland, with a CAGR of +13.1%, recorded the highest growth rate of 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 powdered milk export price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk export price increased by +87.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Croatia ($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 Belgium (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into the Czech Republic

In 2022, the amount of powdered milk imported into the Czech Republic surged to X tons, with an increase of 17% compared with the previous year's figure. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 147%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered milk imports surged to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 124% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main suppliers of powdered milk imports to the Czech Republic, with a combined 61% share of total imports. The UK, France, Belgium and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered milk suppliers to the Czech Republic were the UK ($X), Germany ($X) and Poland ($X), together comprising 68% of total imports.

The UK, with a CAGR of +36.5%, 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

In 2022, the average powdered milk import price amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2013 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($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 UK (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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