Czech Republic: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in the Czech Republic

After four years of growth, the Czech market for instrument panel and wall clocks decreased by -X% to $X in 2020. Over the period under review, consumption continues to indicate a pronounced contraction. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Instrument panel and wall clock consumption peaked at $X in 2019, and then shrank rapidly in the following year.

Production of Instrument Panel And Wall Clocks in the Czech Republic

In value terms, instrument panel and wall clock production surged to $X in 2020 estimated in export prices. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Instrument panel and wall clock production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from the Czech Republic

In 2020, overseas shipments of instrument panel and wall clocks decreased by -X% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, instrument panel and wall clock exports contracted to $X in 2020. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons) was the main destination for instrument panel and wall clock exports from the Czech Republic, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Poland (-X% per year).

In value terms, Germany ($X) remains the key foreign market for instrument panel and wall clock exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, picking up by X% against the previous year. In general, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into the Czech Republic

In 2020, purchases abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports fell dramatically to $X in 2020. Overall, imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then declined remarkably in the following year.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of instrument panel and wall clock imports to the Czech Republic, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest instrument panel and wall clock suppliers to the Czech Republic, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands 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 instrument panel and wall clocks stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the import price saw a perceptible increase. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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