Czech Republic: Margarine And Shortening Market Overview 2021

Margarine And Shortening Market Size in the Czech Republic

In 2020, the Czech margarine and shortening market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption saw a slight downturn. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Margarine And Shortening Production in the Czech Republic

In value terms, margarine and shortening production expanded slightly to $X in 2020 estimated in export prices. In general, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Margarine And Shortening Exports

Exports from the Czech Republic

After three years of growth, overseas shipments of margarine and shortening decreased by -X% to X tonnes in 2020. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, margarine and shortening exports declined rapidly to $X in 2020. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Slovakia (X tonnes) was the main destination for margarine and shortening exports from the Czech Republic, with a X% share of total exports. Moreover, margarine and shortening exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tonnes), fivefold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Slovakia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Poland (-X% per year).

In value terms, Slovakia ($X) remains the key foreign market for margarine and shortening exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Slovakia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Italy (+X% per year).

Export Prices by Country

The average margarine and shortening export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into the Czech Republic

In 2020, overseas purchases of margarine and shortening decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated moderate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, margarine and shortening imports rose modestly to $X in 2020. Overall, total imports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Poland (X tonnes) constituted the largest supplier of margarine and shortening to the Czech Republic, with a X% share of total imports. Moreover, margarine and shortening imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tonnes), threefold. Sweden (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Sweden (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of margarine and shortening to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Hungary (+X% per year).

Import Prices by Country

In 2020, the average margarine and shortening import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for margarine and shortening in the world?

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The U.S. (4.2M tonnes) constituted the country with the largest volume of margarine and shortening consumption, accounting for 26% of total volume. Moreover, margarine and shortening consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Pakistan (1.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.1M tonnes), with a 6.7% share.

What are the largest producers of margarine and shortening in the world?

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The country with the largest volume of margarine and shortening production was the U.S. (4.1M tonnes), comprising approx. 25% of total volume. Moreover, margarine and shortening production in the U.S. exceeded the figures recorded by the second-largest producer, Pakistan (1.9M tonnes), twofold. Indonesia (1.1M tonnes) ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of margarine and shortening to the Czech Republic?

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In value terms, Poland ($28M) constituted the largest supplier of margarine and shortening to the Czech Republic, comprising 37% of total imports. The second position in the ranking was occupied by Sweden ($10M), with a 13% share of total imports. It was followed by Hungary, with a 13% share.

What are the leading importers of margarine and shortening from the Czech Republic?

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In value terms, Slovakia ($3.4M) remains the key foreign market for margarine and shortening exports from the Czech Republic, comprising 71% of total exports. The second position in the ranking was occupied by Germany ($642K), with a 13% share of total exports. It was followed by Italy, with a 9.2% share.

What is the average export price for margarine and shortening in the Czech Republic?

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In 2020, the average margarine and shortening export price amounted to $1,301 per tonne, surging by 11% against the previous year.

What is the average import price for margarine and shortening in the Czech Republic?

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The average margarine and shortening import price stood at $1,187 per tonne in 2020, growing by 5.7% against the previous year.