Czech Republic: Sulphites Market 2024

Sulphites Market Size in the Czech Republic

The Czech sulphites market totaled $X in 2022, growing by 11% against the previous year. In general, consumption showed buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sulphites Production in the Czech Republic

In value terms, sulphites production stood at $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 87%. Sulphites production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Sulphites Exports

Exports from the Czech Republic

Sulphites exports from the Czech Republic contracted dramatically to X tons in 2022, which is down by -25% compared with 2021. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 152%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphites exports expanded rapidly to $X in 2022. Over the period under review, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for sulphites exports from the Czech Republic, with a 48% share of total exports. Moreover, sulphites exports to Slovakia exceeded the volume sent to the second major destination, Romania (X tons), fourfold. The third position in this ranking was taken by Uzbekistan (X tons), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled -23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-18.6% per year) and Uzbekistan (+24.5% per year).

In value terms, Slovakia ($X) remains the key foreign market for sulphites exports from the Czech Republic, comprising 40% of total exports. The second position in the ranking was held by Romania ($X), with a 14% share of total exports. It was followed by Hungary, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-12.2% per year) and Hungary (+25.3% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, increasing by 50% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2019 an increase of 96% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Croatia ($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 Slovakia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into the Czech Republic

In 2022, the amount of sulphites imported into the Czech Republic stood at X tons, with an increase of 6.1% against the year before. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 105%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons) and Germany (X tons) were the main suppliers of sulphites imports to the Czech Republic.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +27.1%).

In value terms, the largest sulphites suppliers to the Czech Republic were Italy ($X) and Germany ($X).

In terms of the main suppliers, Italy, with a CAGR of +20.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, growing by 38% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%).

Source: IndexBox Platform

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