Czech Republic: Soups Market 2024

Soups Market Size in the Czech Republic

The Czech soups market reduced sharply to $X in 2021, shrinking by -15.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Soups Production in the Czech Republic

In value terms, soups production reached $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 110%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Soups Exports

Exports from the Czech Republic

In 2021, overseas shipments of soups and broths increased by 69% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, soups exports skyrocketed to $X in 2021. Over the period under review, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of soups exports from the Czech Republic, with a combined 68% share of total exports. These countries were followed by Hungary, Austria, the Netherlands, Poland, Norway, Romania, Croatia and the UK, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +140.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soups exported from the Czech Republic were Slovakia ($X), Germany ($X) and Sweden ($X), with a combined 69% share of total exports. Hungary, the Netherlands, Norway, Austria, Poland, Romania, Croatia and the UK lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +139.5%, recorded 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

The average soups export price stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports

Imports into the Czech Republic

Soups imports into the Czech Republic soared to X tons in 2021, rising by 20% compared with 2020 figures. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, soups imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Slovakia (X tons) and Italy (X tons) were the main suppliers of soups imports to the Czech Republic, together comprising 70% of total imports. These countries were followed by Poland, Hungary, Vietnam, Belgium and the UK, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +64.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soups suppliers to the Czech Republic were Slovakia ($X), Germany ($X) and Italy ($X), with a combined 69% share of total imports. These countries were followed by Belgium, Poland, Hungary, the UK and Vietnam, which together accounted for a further 20%.

Belgium, with a CAGR of +64.4%, 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 2021, the average soups import price amounted to $X per ton, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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