Czech Republic: Preserved Sardines Market 2024

Preserved Sardines Market Size in the Czech Republic

The Czech preserved sardines market expanded significantly to $X in 2022, with an increase of 8.2% against the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in the Czech Republic

In value terms, preserved sardines production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 231%. Preserved sardines production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Preserved Sardines Exports

Exports from the Czech Republic

In 2022, overseas shipments of sardines (prepared or preserved) were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when exports increased by 61% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved sardines exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2019 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for preserved sardines exports from the Czech Republic, accounting for a 57% share of total exports. Moreover, preserved sardines exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Serbia (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-5.1% per year) and Serbia (+78.1% per year).

In value terms, Slovakia ($X) remains the key foreign market for sardines (prepared or preserved) exports from the Czech Republic, comprising 58% of total exports. The second position in the ranking was held by Hungary ($X), with a 21% share of total exports. It was followed by Serbia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-4.8% per year) and Serbia (+77.5% per year).

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, reducing by -8.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9.9% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovakia ($X per ton) and Hungary ($X per ton), while the average price for exports to Romania ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into the Czech Republic

Preserved sardines imports into the Czech Republic soared to X tons in 2022, jumping by 20% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, preserved sardines imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of preserved sardines to the Czech Republic, with a 56% share of total imports. Moreover, preserved sardines imports from Morocco exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-3.6% per year) and Poland (-3.7% per year).

In value terms, Morocco ($X) constituted the largest supplier of sardines (prepared or preserved) to the Czech Republic, comprising 55% of total imports. The second position in the ranking was held by Latvia ($X), with a 21% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Morocco amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-1.1% per year) and Poland (-4.3% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 7.2% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Morocco ($X per ton), while the price for Latvia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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