Czech Republic: Bread And Bakery Market 2024

Bread And Bakery Market Size in the Czech Republic

In 2023, after two years of growth, there was significant decline in the Czech bread and bakery market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Bread And Bakery Production in the Czech Republic

In value terms, bread and bakery production fell to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

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Bread And Bakery Exports

Exports from the Czech Republic

For the third year in a row, the Czech Republic recorded growth in shipments abroad of bread and bakery, which increased by X% to X tons in 2023. Over the period under review, total exports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, bread and bakery exports surged to $X in 2023. In general, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for bread and bakery exports from the Czech Republic, with a X% share of total exports. Moreover, bread and bakery exports to Slovakia exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, 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: Belgium (X% per year) and Germany (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Slovakia ($X per ton), while the average price for exports to Italy ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2023, 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.

Bread And Bakery Imports

Imports into the Czech Republic

In 2023, purchases abroad of bread and bakery increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, bread and bakery imports surged to $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of bread and bakery imports to the Czech Republic, with a combined X% share of total imports. Austria, Italy, Belgium, Hungary, France, the Netherlands and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery suppliers to the Czech Republic were Poland ($X), Germany ($X) and Slovakia ($X), together comprising X% of total imports. Italy, Austria, Belgium, Hungary, France, the Netherlands and Romania lagged somewhat behind, together comprising a further X%.

Among 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 bread and bakery import price stood at $X per ton in 2023, jumping by X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bread and bakery import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform