Czech Republic: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the Czech Republic

In 2022, the Czech buttermilk and buttermilk powder market increased by 24% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a perceptible decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in the Czech Republic

In value terms, buttermilk and buttermilk powder production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 101% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from the Czech Republic

After three years of decline, overseas shipments of buttermilk and buttermilk powder increased by 10% to X tons in 2022. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. In general, total exports indicated a prominent 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, exports increased by +79.6% against 2016 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 buttermilk and buttermilk powder exports from the Czech Republic, with a combined 95% share of total exports. These countries were followed by Romania, which accounted for a further 3.4%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for buttermilk and buttermilk powder exports from the Czech Republic, comprising 77% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total exports. It was followed by Poland, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.1% per year) and Poland (+3.4% per year).

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, jumping by 19% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder export price increased by +80.9% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Slovakia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into the Czech Republic

In 2022, purchases abroad of buttermilk and buttermilk powder increased by 25% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of buttermilk and buttermilk powder imports to the Czech Republic, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +20.1%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of buttermilk and buttermilk powder to the Czech Republic, comprising 53% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.8% per year) and Poland (-3.9% per year).

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, increasing by 3.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Belgium ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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