Czech Republic: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in the Czech Republic

The Czech electrical circuit apparatus market fell to $X in 2021, which is down by -7.6% against the previous year. Overall, consumption showed a slight downturn. Electrical circuit apparatus consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in the Czech Republic

In value terms, electrical circuit apparatus production rose sharply to $X in 2021 estimated in export price. Over the period under review, production enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports from the Czech Republic

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of 17%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical circuit apparatus exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for electrical circuit apparatus exports from the Czech Republic, accounting for a 39% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), sevenfold. Austria (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.0% per year) and Austria (-2.4% per year).

In value terms, Germany ($X) remains the key foreign market for electrical circuit apparatus exports from the Czech Republic, comprising 39% of total exports. The second position in the ranking was taken by Italy ($X), with a 4.8% share of total exports. It was followed by Poland, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+22.1% per year) and Poland (+16.6% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, increasing by 13% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into the Czech Republic

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported into the Czech Republic; picking up by 3.9% on the previous year. In general, imports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2013 when imports increased by 102% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest electrical circuit apparatus supplier to the Czech Republic, accounting for a 36% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Romania (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and Romania (+7.2% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical circuit apparatus to the Czech Republic, comprising 43% of total imports. The second position in the ranking was held by China ($X), with an 8.9% share of total imports. It was followed by Austria, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Austria (+13.6% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 63%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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