Czech Republic: Gingerbread Market 2024

Gingerbread Market Size in the Czech Republic

The Czech gingerbread market was estimated at $X in 2022, picking up by 5.3% against the previous year. Overall, consumption, however, recorded a buoyant expansion. Gingerbread consumption peaked in 2022 and is likely to continue growth in years to come.

Gingerbread Production in the Czech Republic

In value terms, gingerbread production surged to $X in 2022 estimated in export price. In general, production, however, posted notable growth. The pace of growth appeared the most rapid in 2017 with an increase of 111% against the previous year. Gingerbread production peaked in 2022 and is expected to retain growth in years to come.

Gingerbread Exports

Exports from the Czech Republic

In 2022, shipments abroad of gingerbread was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a pronounced slump. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, gingerbread exports surged to $X in 2022. In general, exports, however, recorded a pronounced setback. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for gingerbread exports from the Czech Republic, with a 63% share of total exports. Moreover, gingerbread exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.9% per year) and Saudi Arabia (+19.9% per year).

In value terms, the largest markets for gingerbread exported from the Czech Republic were Germany ($X), Slovakia ($X) and Saudi Arabia ($X), together comprising 94% of total exports.

Saudi Arabia, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of exports, among 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 gingerbread export price amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 20%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+2.1%), while the prices for the other major destinations experienced a decline.

Gingerbread Imports

Imports into the Czech Republic

In 2022, after two years of decline, there was significant growth in purchases abroad of gingerbread, when their volume increased by 29% to X tons. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 30%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +30.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest gingerbread supplier to the Czech Republic, accounting for a 61% share of total imports. Moreover, gingerbread imports from Poland exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+30.2% per year) and Germany (+6.7% per year).

In value terms, Poland ($X) constituted the largest supplier of gingerbread to the Czech Republic, comprising 46% of total imports. The second position in the ranking was held by Slovakia ($X), with a 21% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+28.9% per year) and Germany (+5.3% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, dropping by -8.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Pitcairn Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pitcairn Islands (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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