Czech Republic: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in the Czech Republic

In 2022, the Czech frozen crustaceans market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption posted buoyant growth. Frozen crustaceans consumption peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Crustaceans Exports

Exports from the Czech Republic

In 2022, overseas shipments of frozen crustaceans decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen crustaceans exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main destinations of frozen crustaceans exports from the Czech Republic, with a combined X% share of total exports. Hungary and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Poland ($X) constituted the largest markets for frozen crustaceans exported from the Czech Republic worldwide, with a combined X% share of total exports. Hungary and Italy lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, 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

In 2022, the average frozen crustaceans export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen crustaceans export price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into the Czech Republic

In 2022, approx. X tons of frozen crustaceans were imported into the Czech Republic; rising by X% compared with the year before. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, frozen crustaceans imports expanded markedly to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest frozen crustaceans supplier to the Czech Republic, with a X% share of total imports. Moreover, frozen crustaceans imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. Ecuador (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Ecuador (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen crustaceans to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the average frozen crustaceans import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted modestly in the following year.

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 France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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