Czech Republic: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in the Czech Republic

The Czech food manufacture machinery market soared to $X in 2021, increasing by 266% against the previous year. Overall, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Production in the Czech Republic

In value terms, food manufacture machinery production contracted to $X in 2021 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 242% 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.

Food Manufacture Machinery Exports

Exports from the Czech Republic

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 49%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, food manufacture machinery exports surged to $X in 2021. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for food manufacture machinery exports from the Czech Republic, with a 54% share of total exports. Moreover, food manufacture machinery exports to the Netherlands exceeded the volume sent to the second major destination, Austria (X units), sixfold. Slovakia (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+5.3% per year) and Slovakia (+7.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from the Czech Republic, comprising 26% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by Spain, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+278.4% per year) and Spain (+75.6% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, growing by 59% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery export price increased by +64.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into the Czech Republic

For the fourth year in a row, the Czech Republic recorded growth in supplies from abroad of machinery for the preparation or manufacture of food or drink, which increased by 703% to X units in 2021. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports declined significantly to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 46%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of food manufacture machinery imports to the Czech Republic, together comprising 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +70.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to the Czech Republic were the United States ($X), Germany ($X) and Italy ($X), together accounting for 60% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +34.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, which is down by -89.8% against the previous year. In general, the import price saw a sharp decrease. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-14.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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