Czech Republic: Vanilla Market 2024

Vanilla Market Size in the Czech Republic

In 2022, the Czech vanilla market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption faced a precipitous setback. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vanilla Production in the Czech Republic

In value terms, vanilla production amounted to less than $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

In 2022, the average vanilla yield in the Czech Republic was estimated at less than X kg per ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vanilla harvested area in the Czech Republic totaled less than X ha in 2022, remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

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Vanilla Exports

Exports from the Czech Republic

After ten years of growth, shipments abroad of vanilla decreased by X% to X tons in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, vanilla exports declined notably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for vanilla exports from the Czech Republic, accounting for a X% share of total exports. It was followed by Slovakia (X kg), with a X% share of total exports.

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: Slovakia (X% per year) and Norway (X% per year).

In value terms, Germany ($X) remains the key foreign market for vanilla exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price faced a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Norway (X%), while the prices for the other major destinations experienced a decline.

Vanilla Imports

Imports into the Czech Republic

In 2022, overseas purchases of vanilla decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vanilla imports dropped significantly to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of vanilla to the Czech Republic, with a X% share of total imports. Moreover, vanilla imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was taken by Belgium (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) constituted the largest supplier of vanilla to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average vanilla import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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