Czech Republic: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in the Czech Republic

The Czech food manufacture machinery market reduced sharply to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Food Manufacture Machinery Production in the Czech Republic

In value terms, food manufacture machinery production fell modestly to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Food Manufacture Machinery Exports

Exports from the Czech Republic

In 2023, after three years of growth, there was significant decline in overseas shipments of machinery for the preparation or manufacture of food or drink, when their volume decreased by X% to X units. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2022, and then declined in the following year.

In value terms, food manufacture machinery exports reached $X in 2023. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for food manufacture machinery exports from the Czech Republic, accounting for a X% share of total exports. Moreover, food manufacture machinery exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), fivefold. The third position in this ranking was taken by Slovakia (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Slovakia (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

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

Food Manufacture Machinery Imports

Imports into the Czech Republic

In 2023, approx. X units of machinery for the preparation or manufacture of food or drink were imported into the Czech Republic; falling by X% on 2022. In general, imports, however, showed a measured expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, food manufacture machinery imports declined notably to $X in 2023. Over the period under review, total imports indicated prominent 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. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of food manufacture machinery imports to the Czech Republic, with a combined X% share of total imports. Mexico, Vietnam, Slovakia, France, Taiwan (Chinese), Germany and the United States lagged somewhat behind, together comprising a further X%.

From 2020 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to the Czech Republic were the Netherlands ($X), Italy ($X) and Mexico ($X), together accounting for X% of total imports. France, Germany, China, the United States, Slovakia, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X.5%, recorded 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

In 2023, the average food manufacture machinery import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is likely to continue 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 the Netherlands ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform