Czech Republic: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in the Czech Republic

The Czech market for cereal grain products (including corn flakes) skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable slump. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Cereal Grain Products (Including Corn Flakes) in the Czech Republic

In value terms, corn flakes and cereal products production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production posted a moderate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports from the Czech Republic

In 2022, overseas shipments of cereal grain products (including corn flakes) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, corn flakes and cereal products exports expanded remarkably to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for corn flakes and cereal products exports from the Czech Republic, with a X% share of total exports. Moreover, corn flakes and cereal products exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Slovakia (X% per year).

In value terms, the largest markets for corn flakes and cereal products exported from the Czech Republic were Germany ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total exports. Hungary, Romania, Denmark, Bulgaria and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average export price for cereal grain products (including corn flakes) amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Cereal Grain Products (Including Corn Flakes)

Imports into the Czech Republic

In 2022, approx. X tons of cereal grain products (including corn flakes) were imported into the Czech Republic; stabilizing at 2021. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. 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, corn flakes and cereal products imports rose modestly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Latvia (X tons) were the main suppliers of corn flakes and cereal products imports to the Czech Republic, together accounting for X% of total imports. Slovakia, Russia, the UK, Italy, Hungary, Turkey, Austria, France and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Slovakia ($X) constituted the largest corn flakes and cereal products suppliers to the Czech Republic, with a combined X% share of total imports. Latvia, France, the UK, Hungary, Russia, Austria, Italy, Turkey and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cereal grain products (including corn flakes) amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 France ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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