Czech Republic: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in the Czech Republic

In 2022, after two years of growth, there was decline in the Czech evaporated and condensed milk market, when its value decreased by -2.4% to $X. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Evaporated and condensed milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Evaporated And Condensed Milk in the Czech Republic

In value terms, evaporated and condensed milk production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 26%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from the Czech Republic

In 2022, approx. X tons of evaporated and condensed milk were exported from the Czech Republic; waning by -25.5% against 2021 figures. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 46%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports dropped to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for evaporated and condensed milk exports from the Czech Republic, with a 45% share of total exports. Moreover, evaporated and condensed milk exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Cuba (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.8% per year) and Cuba (+507.5% per year).

In value terms, Slovakia ($X) remains the key foreign market for evaporated and condensed milk exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.0% per year) and France (-19.5% per year).

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, picking up by 17% against the previous year. In general, export price indicated a notable increase 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, evaporated and condensed milk export price increased by +11.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 25% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Greece ($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 Cuba (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into the Czech Republic

In 2022, approx. X tons of evaporated and condensed milk were imported into the Czech Republic; falling by -67.1% against 2021. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports contracted rapidly to $X in 2022. In general, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 105%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of evaporated and condensed milk to the Czech Republic, accounting for a 68% share of total imports. Moreover, evaporated and condensed milk imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. Austria (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.6% per year) and Austria (-1.2% per year).

In value terms, Germany ($X) constituted the largest supplier of evaporated and condensed milk to the Czech Republic, comprising 57% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by France, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+19.3% per year) and France (+7.7% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, rising by 10% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk import price increased by +38.1% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Slovakia ($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 (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :