Czech Republic: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Czech Republic

The Czech seafood meals and pellets market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Czech Republic

In value terms, seafood meals and pellets production soared to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 49% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from the Czech Republic

In 2021, the amount of flours, meals and pellets of fish or of crustaceans and molluscs exported from the Czech Republic surged to X tons, rising by 233% compared with 2020 figures. Overall, exports, however, showed a abrupt downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports soared to $X in 2021. In general, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 129%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X tons) was the main destination for seafood meals and pellets exports from the Czech Republic, accounting for a 69% share of total exports. Moreover, seafood meals and pellets exports to Serbia exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-17.8% per year) and Hungary (+146.0% per year).

It was followed by Hungary, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-16.4% per year) and Hungary (+32.6% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, reducing by -45.5% against the previous year. In general, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 177% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into the Czech Republic

In 2021, the amount of flours, meals and pellets of fish or of crustaceans and molluscs imported into the Czech Republic surged to X tons, with an increase of 29% compared with the previous year's figure. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets imports surged to $X in 2021. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of seafood meals and pellets to the Czech Republic, with a 68% share of total imports. Moreover, seafood meals and pellets imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), ninefold. The third position in this ranking was held by Latvia (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-7.5% per year) and Latvia (+3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to the Czech Republic, comprising 70% of total imports. The second position in the ranking was held by Latvia ($X), with a 7% share of total imports. It was followed by Denmark, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+13.5% per year) and Denmark (-6.7% per year).

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, increasing by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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