Czech Republic: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in the Czech Republic

After two years of growth, the Czech market for malt extract and food preparations of flour, meal, and starches decreased by -12.4% to $X in 2022. Overall, consumption saw a pronounced descent. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in the Czech Republic

In value terms, production of malt extract and food preparations of flour, meal, and starches fell rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a significant curtailment. The most prominent rate of growth was recorded in 2017 when the production volume decreased by -43% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from the Czech Republic

In 2022, exports of malt extract and food preparations of flour, meal, and starches from the Czech Republic rose sharply to X tons, picking up by 7.9% on the year before. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Slovakia (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from the Czech Republic, accounting for a 45% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.4% per year) and Austria (+5.8% per year).

In value terms, Slovakia ($X), Germany ($X) and Austria ($X) were the largest markets for malt extract and food preparations of flour, meal, and starch exported from the Czech Republic worldwide, with a combined 69% share of total exports. Poland, Hungary, Romania, Italy and Lithuania lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Italy, with a CAGR of +62.5%, saw the highest rates of growth with regard to the value of exports, 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 export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with a decrease of -14.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into the Czech Republic

Imports of malt extract and food preparations of flour, meal, and starches into the Czech Republic reached X tons in 2022, remaining constant against the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reached $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +69.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to the Czech Republic, accounting for a 61% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.2% per year) and Belgium (+29.3% per year).

In value terms, Germany ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to the Czech Republic, comprising 54% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Slovakia, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.9% per year) and Slovakia (-6.5% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 10%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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