Czech Republic: Oil Crops Market 2024

Oil Crops Market Size in the Czech Republic

After two years of growth, the Czech oil crops market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then contracted slightly in the following year.

Oil Crops Production in the Czech Republic

In value terms, oil crops production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of oil crops (primary) in the Czech Republic expanded significantly to X tons per ha in 2022, surging by X% on the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the average oil crops yield attained the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in the Czech Republic contracted slightly to X ha, waning by X% on 2021 figures. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The oil crops harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

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Oil Crops Exports

Exports from the Czech Republic

In 2022, approx. X tons of oil crops (primary) were exported from the Czech Republic; picking up by X% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil crops exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a measured 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from the Czech Republic, accounting for a X% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Austria (X% per year).

In value terms, Germany ($X) remains the key foreign market for oil crops (primary) exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated perceptible growth 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. Based on 2022 figures, oil crops export price increased by X% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Oil Crops Imports

Imports into the Czech Republic

In 2022, after two years of decline, there was growth in purchases abroad of oil crops (primary), when their volume increased by X% to X tons. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, oil crops imports skyrocketed to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Slovakia (X tons), Romania (X tons) and Poland (X tons) were the main suppliers of oil crops imports to the Czech Republic, with a combined X% share of total imports.

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

In value terms, Slovakia ($X), Hungary ($X) and Romania ($X) were the largest oil crops suppliers to the Czech Republic, with a combined X% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest growth rate of 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

The average oil crops import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a slight expansion 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. Based on 2022 figures, oil crops import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 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 expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Hungary ($X per ton), while the price for Ukraine ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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