Czech Republic: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in the Czech Republic

In 2022, the Czech margarine and shortening market increased by 21% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Margarine And Shortening Production in the Czech Republic

In value terms, margarine and shortening production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Margarine and shortening production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Margarine And Shortening Exports

Exports from the Czech Republic

In 2022, approx. X tons of margarine and shortening were exported from the Czech Republic; increasing by 7.3% on 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 77%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Overall, exports posted a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 133% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Slovakia (X tons), Germany (X tons) and Romania (X tons) were the main destinations of margarine and shortening exports from the Czech Republic, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +155.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Romania ($X) appeared to be the largest markets for margarine and shortening exported from the Czech Republic worldwide, with a combined 74% share of total exports.

Romania, with a CAGR of +141.6%, recorded the highest growth rate of 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 margarine and shortening export price amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening export price increased by +107.2% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 45%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Italy ($X per ton), while the average price for exports to Hungary ($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 Italy (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into the Czech Republic

After three years of decline, supplies from abroad of margarine and shortening increased by 4.5% to X tons in 2022. Over the period under review, imports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2017 when imports increased by 15% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +54.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 28%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of margarine and shortening to the Czech Republic, with a 34% share of total imports. Moreover, margarine and shortening imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+7.4% per year) and Germany (+3.9% per year).

In value terms, Poland ($X) constituted the largest supplier of margarine and shortening to the Czech Republic, comprising 31% of total imports. The second position in the ranking was held by Sweden ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.1% per year) and Germany (+6.3% per year).

Import Prices by Country

In 2022, the average margarine and shortening import price amounted to $X per ton, with an increase of 22% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening import price increased by +68.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Sweden ($X per ton), while the price for Hungary ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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