Czech Republic: Wheat Market 2024

Wheat Market Size in the Czech Republic

The Czech wheat market shrank to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by -10.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Wheat Production in the Czech Republic

In value terms, wheat production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of wheat in the Czech Republic shrank slightly to X tons per ha in 2022, flattening at the year before. The yield figure increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 31% against the previous year. Over the period under review, the average wheat yield attained the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The wheat harvested area in the Czech Republic was estimated at X ha in 2022, approximately reflecting the previous year. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by 2.4% against the previous year. The wheat harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from the Czech Republic

In 2022, approx. X tons of wheat were exported from the Czech Republic; therefore, remained relatively stable against the previous year. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat exports skyrocketed to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wheat exports from the Czech Republic, accounting for a 74% share of total exports. Moreover, wheat exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+14.8% per year) and Poland (-4.6% per year).

In value terms, Germany ($X) remains the key foreign market for wheat exports from the Czech Republic, comprising 73% of total exports. The second position in the ranking was held by Austria ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+18.0% per year) and Poland (-2.2% per year).

Export Prices by Country

In 2022, the average wheat export price amounted to $X per ton, jumping by 30% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat export price increased by +102.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 Austria (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into the Czech Republic

In 2022, approx. X tons of wheat were imported into the Czech Republic; leveling off at 2021. Overall, imports recorded a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat imports soared to $X in 2022. Over the period under review, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest wheat supplier to the Czech Republic, accounting for a 74% share of total imports. Moreover, wheat imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Ukraine (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.3% per year) and Ukraine (+62.4% per year).

In value terms, Slovakia ($X) constituted the largest supplier of wheat to the Czech Republic, comprising 71% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Ukraine, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.9% per year) and Ukraine (+78.4% per year).

Import Prices by Country

In 2022, the average wheat import price amounted to $X per ton, jumping by 36% against the previous year. Overall, the import price saw a perceptible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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