Czech Republic: Sugars Market 2024

Sugars Market Size in the Czech Republic

For the fourth consecutive year, the Czech sugars market recorded growth in sales value, which increased by 19% to $X in 2021. Overall, consumption posted a significant increase. Sugars consumption peaked in 2021 and is likely to continue growth in the near future.

Sugars Production in the Czech Republic

In value terms, sugars production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production posted a slight increase. The growth pace was the most rapid in 2018 with an increase of 15%. Sugars production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sugars Exports

Exports from the Czech Republic

In 2021, shipments abroad of sugars, sugar ethers and salts decreased by -5.8% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 1,040% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, sugars exports dropped dramatically to $X in 2021. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 985%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for sugars exports from the Czech Republic, with a 38% share of total exports. Moreover, sugars exports to Poland exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +114.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+35.0% per year) and Greece (+90.7% per year).

In value terms, Poland ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from the Czech Republic, comprising 29% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 14% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +137.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+43.1% per year) and Greece (+55.2% per year).

Export Prices by Country

The average sugars export price stood at $X per ton in 2021, declining by -60.9% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 347%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Bulgaria ($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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into the Czech Republic

In 2021, sugars imports into the Czech Republic surged to X tons, with an increase of 194% on 2020 figures. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports soared to $X in 2021. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest sugars supplier to the Czech Republic, with a 65% share of total imports. Moreover, sugars imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. India (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+35.6% per year) and India (+214.1% per year).

In value terms, the largest sugars suppliers to the Czech Republic were France ($X), Germany ($X) and China ($X), with a combined 90% share of total imports. India, Austria, South Africa and Poland lagged somewhat behind, together comprising a further 6.3%.

India, with a CAGR of +114.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugars import price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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