Czech Republic: Domestic Toaster Market 2024

Domestic Toaster Market Size in the Czech Republic

In 2022, the Czech domestic toaster market decreased by -6.3% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed resilient growth. Domestic toaster consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Domestic Toaster Production in the Czech Republic

In value terms, domestic toaster production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 159%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Domestic Toaster Exports

Exports from the Czech Republic

In 2022, approx. X units of domestic electric toasters were exported from the Czech Republic; rising by 16% on 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, domestic toaster exports shrank notably to $X in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 77%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Hungary (X units) was the main destination for domestic toaster exports from the Czech Republic, with a 37% share of total exports. Moreover, domestic toaster exports to Hungary exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Slovakia (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+69.4% per year) and Slovakia (+10.4% per year).

In value terms, Germany ($X) remains the key foreign market for domestic electric toasters exports from the Czech Republic, comprising 48% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.5% per year) and Hungary (+17.5% per year).

Export Prices by Country

In 2022, the average domestic toaster export price amounted to $X per unit, dropping by -32% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), while the prices for the other major destinations experienced a decline.

Domestic Toaster Imports

Imports into the Czech Republic

In 2022, approx. X units of domestic electric toasters were imported into the Czech Republic; dropping by -19.6% compared with the previous year's figure. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 48%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, domestic toaster imports shrank sharply to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 40% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic toaster to the Czech Republic, accounting for a 74% share of total imports. Moreover, domestic toaster imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.6% per year) and the Netherlands (+74.5% per year).

In value terms, China ($X) constituted the largest supplier of domestic electric toasters to the Czech Republic, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.3% per year) and the Netherlands (+70.6% per year).

Import Prices by Country

The average domestic toaster import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by +79.4% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 64%. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and the Netherlands ($X per unit), while the price for China ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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