Czech Republic: Smoothing Iron Market 2024

Smoothing Iron Market Size in the Czech Republic

The Czech smoothing iron market surged to $X in 2021, growing by 16% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.0% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Smoothing Iron Production in the Czech Republic

In value terms, smoothing iron production expanded remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 163%. Smoothing iron production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Smoothing Iron Exports

Exports from the Czech Republic

Smoothing iron exports from the Czech Republic rose modestly to X units in 2021, growing by 3.4% on 2020 figures. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 143%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, smoothing iron exports surged to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), Slovakia (X units) and the Netherlands (X units) were the main destinations of smoothing iron exports from the Czech Republic, with a combined 67% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +120.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric smoothing irons exports from the Czech Republic, comprising 51% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +60.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+8.0% per year) and the Netherlands (+121.0% per year).

Export Prices by Country

In 2021, the average smoothing iron export price amounted to $X per unit, surging by 25% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, smoothing iron export price increased by +26.9% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Croatia ($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 (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into the Czech Republic

In 2021, imports of electric smoothing irons into the Czech Republic contracted to X units, which is down by -8.7% against 2020. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, smoothing iron imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 43% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of smoothing iron imports to the Czech Republic, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Hungary ($X) constituted the largest smoothing iron suppliers to the Czech Republic, together accounting for 65% of total imports.

Slovakia, with a CAGR of +69.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2021, jumping by 30% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, smoothing iron import price increased by +83.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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