Czech Republic: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in the Czech Republic

In 2022, after three years of growth, there was significant decline in the Czech preparations for animal feeding market, when its value decreased by -6.5% to $X. Overall, consumption, however, posted a pronounced increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Preparations Used In Animal Feeding in the Czech Republic

In value terms, preparations for animal feeding production surged to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 127%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from the Czech Republic

Preparations for animal feeding exports from the Czech Republic amounted to X tons in 2022, surging by 4.6% compared with the year before. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.3% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 17%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports rose remarkably to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovakia (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of preparations for animal feeding exports from the Czech Republic, with a combined 55% share of total exports. Germany, the Netherlands, France, Japan, Italy, Romania, Ukraine, Lithuania, Finland and Sweden lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +115.5%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Slovakia ($X) were the largest markets for preparations for animal feeding exported from the Czech Republic worldwide, with a combined 48% share of total exports. The Netherlands, Hungary, France, Japan, Italy, Sweden, Ukraine, Lithuania, Finland and Romania lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Japan, with a CAGR of +95.1%, saw the highest growth rate of 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 preparations for animal feeding export price amounted to $X per ton, growing by 5.5% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding export price increased by +84.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the average price for exports to Hungary ($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 Poland (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into the Czech Republic

Preparations for animal feeding imports into the Czech Republic was estimated at X tons in 2022, surging by 12% against the previous year's figure. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 23%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, preparations for animal feeding imports reached $X in 2022. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of preparations for animal feeding to the Czech Republic, with a 41% share of total imports. Moreover, preparations for animal feeding imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.8% per year) and Hungary (+0.4% per year).

In value terms, Germany ($X) constituted the largest supplier of preparations used in animal feeding to the Czech Republic, comprising 35% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.2% per year) and the Netherlands (+5.9% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, dropping by -3.4% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by +65.3% against 2015 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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