Czech Republic: Check Valve Market 2024

Check Valve Market Size in the Czech Republic

In 2021, the Czech check valve market decreased by -43.4% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Check Valve Production in the Czech Republic

In value terms, check valve production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 122% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Check Valve Exports

Exports from the Czech Republic

Check valve exports from the Czech Republic soared to X units in 2021, increasing by 85% compared with 2020. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve exports skyrocketed to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 59% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for check valve exports from the Czech Republic, accounting for a 32% share of total exports. Moreover, check valve exports to Germany exceeded the volume sent to the second major destination, Russia (X units), threefold. Austria (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+9.7% per year) and Austria (+41.0% per year).

In value terms, Germany ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from the Czech Republic, comprising 26% of total exports. The second position in the ranking was held by Hungary ($X), with an 8.9% share of total exports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+40.5% per year) and China (+11.8% per year).

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, reducing by -32.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 6.3% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-2.8%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into the Czech Republic

For the third consecutive year, the Czech Republic recorded growth in supplies from abroad of check valves for pipes, boiler shells, tanks and vats, which increased by 93% to X units in 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports surged to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of check valve to the Czech Republic, with a 39% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and Poland (+11.3% per year).

In value terms, Germany ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to the Czech Republic, comprising 31% of total imports. The second position in the ranking was taken by Morocco ($X), with a 7.9% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+9.1% per year) and China (+4.5% per year).

Import Prices by Country

The average check valve import price stood at $X per unit in 2021, reducing by -33.1% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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