Czech Republic: Canned Food Market 2024

Canned Food Market Size in the Czech Republic

In 2021, after two years of growth, there was significant decline in the Czech canned food market, when its value decreased by -21.5% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Canned food consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Canned Food Production in the Czech Republic

In value terms, canned food production dropped notably to $X in 2021 estimated in export price. In general, production saw a noticeable shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 51% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from the Czech Republic

In 2021, shipments abroad of canned food decreased by -3.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 8% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 17%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for canned food exports from the Czech Republic, accounting for a 47% share of total exports. Moreover, canned food exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with an 8.4% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Slovakia amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+3.5% per year) and Germany (+22.0% per year).

In value terms, Slovakia ($X) remains the key foreign market for canned food exports from the Czech Republic, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2020, the average annual growth rate of value to Slovakia stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.9% per year) and Hungary (+6.6% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2020, with an increase of 16% against the previous year. Over the last eight years, it increased at an average annual rate of +4.1%. 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 overseas markets. In 2020, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into the Czech Republic

In 2021, approx. X tons of canned food were imported into the Czech Republic; rising by 2.7% on 2020. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, canned food imports stood at $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of canned food imports to the Czech Republic, with a combined 54% share of total imports. Hungary, Slovakia, Austria, Spain, Turkey, France, the Netherlands, Greece and Brazil lagged somewhat behind, together comprising a further 39%.

From 2012 to 2020, the biggest increases were recorded for Turkey (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to the Czech Republic were Germany ($X), Poland ($X) and Italy ($X), together accounting for 54% of total imports. Hungary, Slovakia, Spain, Austria, France, the Netherlands, Turkey, Greece and Brazil lagged somewhat behind, together comprising a further 32%.

Turkey, with a CAGR of +16.8%, saw the highest rates of growth with regard to 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 2020, the average canned food import price amounted to $X per ton, with an increase of 6.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14%. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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