Price for Food Preparations Not Elsewhere Specified or Included in the Czech Republic - 2023

Contents:

  1. Price for Food Preparations Not Elsewhere Specified or Included in the Czech Republic (FOB) - 2023
  2. Price for Food Preparations Not Elsewhere Specified or Included in the Czech Republic (CIF) - 2023
  3. Exports of Food Preparations Not Elsewhere Specified or Included in the Czech Republic
  4. Imports of Food Preparations Not Elsewhere Specified or Included in the Czech Republic

Price for Food Preparations Not Elsewhere Specified or Included in the Czech Republic (FOB) - 2023

In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $10,604 per ton, approximately equating the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in January 2023 an increase of 28% against the previous month. Over the period under review, the average export prices attained the peak figure at $10,674 per ton in October 2023, and then contracted modestly in the following month.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Romania ($16,115 per ton), while the average price for exports to the UK ($3,615 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in the Czech Republic (CIF) - 2023

In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,745 per ton, with an increase of 3.3% against the previous month. Overall, import price indicated a slight increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for food preparations not elsewhere specified or included increased by +3.3% against October 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 83% against the previous month. Over the period under review, average import prices attained the maximum in November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($9,116 per ton), while the price for Spain ($2,601 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Food Preparations Not Elsewhere Specified or Included in the Czech Republic

In 2022, the amount of food preparations not elsewhere specified or included exported from the Czech Republic totaled 90K tons, increasing by 14% on 2021 figures. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of food preparations not elsewhere specified or included rose sharply to $686M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Export of Food Preparations Not Elsewhere Specified or Included in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia94.810513914214.4%
Germany81.810613812816.1%
Poland30.137.147.150.719.0%
United States1.91.82.847.6192.6%
France27.326.734.831.24.6%
Romania15.816.227.831.025.2%
Spain22.121.725.930.010.7%
Austria16.921.425.626.215.7%
Netherlands18.120.721.823.89.6%
Hungary17.716.320.821.05.9%
Italy12.213.018.018.013.8%
United Kingdom15.717.415.114.3-3.1%
Denmark2.74.75.06.534.0%
Others1051021121153.1%
Total46250963568614.1%

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from the Czech Republic in 2022:

  1. Slovakia (20.7K tons)
  2. Germany (11.5K tons)
  3. Poland (10.8K tons)
  4. United States (9.4K tons)
  5. France (4.5K tons)
  6. Netherlands (3.8K tons)
  7. United Kingdom (3.5K tons)
  8. Hungary (3.4K tons)
  9. Spain (3.0K tons)
  10. Austria (2.7K tons)
  11. Italy (2.3K tons)
  12. Romania (1.7K tons)
  13. Denmark (1.6K tons)

Imports of Food Preparations Not Elsewhere Specified or Included in the Czech Republic

In 2022, approx. 117K tons of food preparations not elsewhere specified or included were imported into the Czech Republic; rising by 15% on the year before. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of food preparations not elsewhere specified or included expanded significantly to $599M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Food Preparations Not Elsewhere Specified or Included in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany92.410112212911.8%
Poland56.865.991.210020.7%
Netherlands27.745.350.660.529.7%
Turkey38.333.741.940.41.8%
Slovakia29.038.943.736.98.4%
China24.523.027.330.67.7%
Italy33.123.428.824.8-9.2%
Austria19.217.222.218.1-1.9%
Belgium7.311.413.817.132.8%
France9.89.814.514.112.9%
Hungary7.311.911.812.720.3%
Spain4.15.66.96.918.9%
Others93.988.495.11074.4%
Total44347656959910.6%

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to the Czech Republic in 2022:

  1. Poland (27.5K tons)
  2. Germany (23.3K tons)
  3. Netherlands (16.9K tons)
  4. Slovakia (7.0K tons)
  5. Turkey (6.6K tons)
  6. Austria (6.3K tons)
  7. Italy (5.2K tons)
  8. Belgium (4.8K tons)
  9. Spain (2.8K tons)
  10. Hungary (2.2K tons)
  11. France (2.0K tons)
  12. China (1.9K tons)

Source: IndexBox Market Intelligence Platform

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