Czech Republic: Margarine And Shortening Market Overview 2021

Margarine And Shortening Market Size in the Czech Republic

The Czech margarine and shortening market contracted to $X in 2019, with a decrease of -X% against the previous year. Overall, consumption recorded a noticeable downturn. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Margarine And Shortening Production in the Czech Republic

In value terms, margarine and shortening production dropped markedly to $X in 2019 estimated in export prices. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from the Czech Republic

In 2019, shipments abroad of margarine and shortening increased by X% to X tonnes, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, margarine and shortening exports expanded notably to $X in 2019. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, 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, accounting for 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), fourfold. Poland (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Slovakia amounted to -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 Hungary, with a X% share.

From 2007 to 2019, 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 Hungary (-X% per year).

Export Prices by Country

The average margarine and shortening export price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, 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 2019, the country with the highest price was Hungary ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced a decline.

Margarine And Shortening Imports

Imports into the Czech Republic

After two years of growth, overseas purchases of margarine and shortening decreased by -X% to X tonnes in 2019. In general, total imports indicated a strong expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, margarine and shortening imports reduced to $X in 2019. Over the period under review, total imports indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Poland (X tonnes) constituted the largest supplier of margarine and shortening to the Czech Republic, accounting for 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), fourfold. Sweden (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, 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 2019, the average annual rate of growth in terms of value from Poland totaled +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

The average margarine and shortening import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2011 an increase of 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 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of margarine and shortening consumption in 2019 were the U.S. (3.4M tonnes), Pakistan (1.8M tonnes) and India (1.3M tonnes), together comprising 42% of global consumption. These countries were followed by Turkey, Brazil, Germany, China, Japan, the UK, Poland, Malaysia, France and Chile, which together accounted for a further 29%.

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

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The countries with the highest volumes of margarine and shortening production in 2019 were the U.S. (3.4M tonnes), Pakistan (1.8M tonnes) and India (1.3M tonnes), with a combined 41% share of global production. Indonesia, Turkey, Malaysia, Germany, Brazil, Poland, Japan, Belgium, Russia and the UK lagged somewhat behind, together comprising a further 37%.

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

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In value terms, Poland ($31M) constituted the largest supplier of margarine and shortening to the Czech Republic, comprising 42% of total imports. The second position in the ranking was occupied by Sweden ($9.4M), with a 13% share of total imports. It was followed by Hungary, with a 8.6% share.

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

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In value terms, Slovakia ($4.8M) remains the key foreign market for margarine and shortening exports from the Czech Republic, comprising 72% of total exports. The second position in the ranking was occupied by Germany ($1.2M), with a 18% share of total exports. It was followed by Hungary, with a 4.3% share.

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

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The average margarine and shortening export price stood at $1,171 per tonne in 2019, which is down by -7.8% against the previous year.

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

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In 2019, the average margarine and shortening import price amounted to $1,123 per tonne, which is down by -8% against the previous year.