Czech Republic: Maize Market 2025

Maize Market Size in the Czech Republic

The Czech maize market fell remarkably to $X in 2022, reducing by -16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a buoyant expansion. Maize consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Maize Exports

Exports from the Czech Republic

In 2022, exports of maize (green) from the Czech Republic surged to X tons, with an increase of 19% on the previous year. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, maize exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Slovakia (X tons) was the main destination for maize exports from the Czech Republic, with a 62% share of total exports. Moreover, maize exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.1% per year) and Hungary (+24.3% per year).

In value terms, Slovakia ($X), Germany ($X) and Hungary ($X) appeared to be the largest markets for maize exported from the Czech Republic worldwide, with a combined 87% share of total exports. The Netherlands and Poland lagged somewhat behind, together comprising a further 2.7%.

The Netherlands, with a CAGR of +61.0%, recorded the highest growth rate of 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

The average maize export price stood at $X per ton in 2022, increasing by 4.2% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($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 Hungary (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into the Czech Republic

Maize imports into the Czech Republic contracted to X tons in 2022, waning by -9% compared with 2021 figures. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 38%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, maize imports declined slightly to $X in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and Portugal (X tons) were the main suppliers of maize imports to the Czech Republic, with a combined 56% share of total imports. Germany, Poland, the Netherlands and Slovakia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize suppliers to the Czech Republic were Italy ($X), Spain ($X) and Germany ($X), with a combined 58% share of total imports. The Netherlands, Slovakia, Portugal and Poland lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, rising by 6.1% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize import price increased by +101.2% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 24%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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