Canned Food Market Overview in the Czech Republic
In value terms, canned food production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2018 to 2019, production growth failed to regain the momentum.
The value of the canned food market in the Czech Republic rose slightly to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.