Czech Republic: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the Czech Republic

For the third year in a row, the Czech meat meals and pellets market recorded growth in sales value, which increased by 9% to $X in 2021. Overall, consumption, however, enjoyed prominent growth. Meat meals and pellets consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the Czech Republic

In value terms, meat meals and pellets production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 132% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from the Czech Republic

In 2021, shipments abroad of flours, meals and pellets of meat or meat offal was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 85%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports soared to $X in 2021. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of meat meals and pellets exports from the Czech Republic, together accounting for 52% of total exports. These countries were followed by Latvia, Bulgaria, Germany, Austria, Nigeria, Lithuania, Hungary, Poland and Singapore, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +185.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Italy ($X) appeared to be the largest markets for meat meals and pellets exported from the Czech Republic worldwide, with a combined 51% share of total exports. Germany, Hungary, Austria, Nigeria, Lithuania, Latvia, Bulgaria, Poland and Singapore lagged somewhat behind, together comprising a further 41%.

Lithuania, with a CAGR of +149.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, increasing by 3.8% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets export price increased by +116.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($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 Singapore (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into the Czech Republic

In 2021, the amount of flours, meals and pellets of meat or meat offal imported into the Czech Republic declined modestly to X tons, with a decrease of -2.6% compared with the previous year. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 29%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, meat meals and pellets imports surged to $X in 2021. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 95%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of meat meals and pellets imports to the Czech Republic, together comprising 63% of total imports. Italy, New Zealand, Denmark and the Netherlands lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +80.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Italy ($X) appeared to be the largest meat meals and pellets suppliers to the Czech Republic, together comprising 61% of total imports. These countries were followed by New Zealand, Poland, Denmark and the Netherlands, which together accounted for a further 32%.

New Zealand, with a CAGR of +76.1%, recorded the highest growth rate of the value of imports, among 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 meat meals and pellets import price stood at $X per ton in 2021, picking up by 37% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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