Czech Republic: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in the Czech Republic

In 2023, the Czech market for frozen, dried and smoked fish increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen, dried and smoked fish consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Frozen, Dried And Smoked Fish in the Czech Republic

In value terms, frozen, dried and smoked fish production shrank to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from the Czech Republic

In 2023, after three years of decline, there was growth in shipments abroad of frozen, dried and smoked fish, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports skyrocketed to $X in 2023. Overall, total exports indicated measured growth 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. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for frozen, dried and smoked fish exports from the Czech Republic, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), tenfold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume 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).

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

From 2012 to 2023, 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 Romania (X% per year).

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen, dried and smoked fish export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into the Czech Republic

In 2023, after two years of growth, there was decline in overseas purchases of frozen, dried and smoked fish, when their volume decreased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports stood at $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of frozen, dried and smoked fish imports to the Czech Republic, with a combined X% share of total imports. Russia, the United States, Sweden, Vietnam, China, Denmark, Spain, Norway, Ireland and Iceland 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 Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest frozen, dried and smoked fish suppliers to the Czech Republic, with a combined X% share of total imports. Vietnam, the United States, Russia, Denmark, China, Spain, Sweden, Norway, Iceland and Ireland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price for frozen, dried and smoked fish stood at $X per ton in 2023, rising by X% against the previous year. Overall, import price indicated noticeable growth 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, frozen, dried and smoked fish import price increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

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 Iceland ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform