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Czech Republic - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Czech Republic: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in the Czech Republic

In 2019, the Czech virgin olive oil market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption recorded a resilient increase. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the immediate term.

Virgin Olive Oil Exports

Exports from the Czech Republic

Virgin olive oil exports from the Czech Republic shrank significantly to X tonnes in 2019, falling by -X% on the previous year's figure. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, virgin olive oil exports dropped markedly to $X in 2019. Overall, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), Slovakia (X tonnes) and Poland (X tonnes) were the main destinations of virgin olive oil exports from the Czech Republic, together comprising X% of total exports. These countries were followed by Hungary, Romania, Bulgaria and Austria, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for virgin olive oil exported from the Czech Republic were Slovakia ($X), Germany ($X) and Poland ($X), together comprising X% of total exports. Hungary, Romania, Bulgaria and Austria lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average virgin olive oil export price amounted to $X per tonne, waning by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then fell slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Romania ($X per tonne), while the average price for exports to Austria ($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 Romania, while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into the Czech Republic

In 2019, purchases abroad of virgin olive oil was finally on the rise to reach X tonnes after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes; afterwards, it flattened through to 2019.

In value terms, virgin olive oil imports declined to $X in 2019. Over the period under review, total imports indicated a tangible increase 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 increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of virgin olive oil to the Czech Republic, accounting for a X% share of total imports. Moreover, virgin olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), twofold. Greece (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 Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Greece (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of virgin olive oil to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Greece (+X% per year).

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018, and then fell remarkably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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 virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil consumption was Spain (1.1M tonnes), accounting for 31% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (542K tonnes), twofold. The U.S. (266K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) remains the largest virgin olive oil producing country worldwide, comprising approx. 51% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Greece (329K tonnes), sixfold. Tunisia (287K tonnes) ranked third in terms of total production with a 7.8% share.
What are the leading suppliers of virgin olive oil to the Czech Republic?
+
In value terms, Spain ($11M) constituted the largest supplier of virgin olive oil to the Czech Republic, comprising 58% of total imports. The second position in the ranking was occupied by Italy ($4.9M), with a 25% share of total imports. It was followed by Greece, with a 12% share.
What are the leading importers of virgin olive oil from the Czech Republic?
+
In value terms, the largest markets for virgin olive oil exported from the Czech Republic were Slovakia ($1.2M), Germany ($1.2M) and Poland ($932K), with a combined 75% share of total exports. Hungary, Romania, Bulgaria and Austria lagged somewhat behind, together accounting for a further 22%.
What is the average export price for virgin olive oil in the Czech Republic?
+
In 2019, the average virgin olive oil export price amounted to $5,128 per tonne, waning by -4.8% against the previous year.
What is the average import price for virgin olive oil in the Czech Republic?
+
The average virgin olive oil import price stood at $4,123 per tonne in 2019, shrinking by -21.3% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in the Czech Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Czech Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Czech Republic
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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