Czech Republic: Whey Market 2024

Whey Market Size in the Czech Republic

The Czech whey market skyrocketed to $X in 2022, increasing by 20% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.5% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Whey Production in the Czech Republic

In value terms, whey production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 164% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Whey Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of whey decreased by -1.7% to X tons in 2022. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, whey exports reduced to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for whey exports from the Czech Republic, with a 39% share of total exports. Moreover, whey exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Malaysia (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+24.7% per year) and Malaysia (-4.0% per year).

In value terms, the largest markets for whey exported from the Czech Republic were Germany ($X), Malaysia ($X) and Thailand ($X), with a combined 49% share of total exports. Poland, Slovakia, Bangladesh, South Korea, Syrian Arab Republic, the Philippines, the Netherlands, Denmark, Vietnam and Bulgaria lagged somewhat behind, together comprising a further 40%.

Among the main countries of destination, Denmark, with a CAGR of +232.0%, 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 whey export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a mild contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Germany ($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 Denmark (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports

Imports into the Czech Republic

In 2022, purchases abroad of whey increased by 12% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +95.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, whey imports totaled $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of whey imports to the Czech Republic, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Slovakia ($X) were the largest whey suppliers to the Czech Republic, together comprising 69% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +8.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average whey import price stood at $X per ton in 2022, which is down by -5.2% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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