Czech Republic: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in the Czech Republic

In 2021, the Czech gas supply meter market decreased by -83.4% to $X, falling for the third year in a row after three years of growth. In general, consumption faced a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Gas Supply Meter Production in the Czech Republic

In value terms, gas supply meter production contracted rapidly to $X in 2021 estimated in export price. Overall, production showed a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 95%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Gas Supply Meter Exports

Exports from the Czech Republic

In 2021, shipments abroad of gas supply or production meters increased by 9.9% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 199%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, gas supply meter exports reduced to $X in 2021. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of 269% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Italy (X units) and Slovakia (X units) were the main destinations of gas supply meter exports from the Czech Republic, with a combined 83% share of total exports. These countries were followed by Latvia, Romania, Serbia and Turkey, which together accounted for a further 9.7%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +96.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for gas supply or production meters exports from the Czech Republic, comprising 36% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total exports. It was followed by Slovakia, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-9.8% per year) and Slovakia (-16.0% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, shrinking by -17.6% against the previous year. In general, the export price faced a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Kazakhstan ($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 Turkey (-9.6%), while the prices for the other major destinations experienced a decline.

Gas Supply Meter Imports

Imports into the Czech Republic

Gas supply meter imports into the Czech Republic was estimated at X units in 2021, picking up by 11% compared with the previous year. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 44%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, gas supply meter imports declined to $X in 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovakia (X units) constituted the largest supplier of gas supply meter to the Czech Republic, with a 59% share of total imports. Moreover, gas supply meter imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Hungary (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+138.4% per year) and Hungary (+405.7% per year).

In value terms, Slovakia ($X) constituted the largest supplier of gas supply or production meters to the Czech Republic, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Poland (+114.0% per year).

Import Prices by Country

In 2021, the average gas supply meter import price amounted to $X per unit, dropping by -12.4% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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