Czech Republic: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in the Czech Republic

After three years of decline, the Czech market for instruments for measuring electrical quantities increased by 160% to $X in 2021. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Instruments for Measuring Electrical Quantities in the Czech Republic

In value terms, instruments for measuring electrical quantities production dropped notably to $X in 2021 estimated in export price. Overall, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Instruments for measuring electrical quantities production peaked at $X in 2020, and then reduced rapidly in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports from the Czech Republic

In 2021, after two years of decline, there was significant growth in overseas shipments of instruments for measuring electrical quantities, when their volume increased by 26% to X units. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports soared to $X in 2021. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 87% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for instruments for measuring electrical quantities exports from the Czech Republic, accounting for a 43% share of total exports. Moreover, instruments for measuring electrical quantities exports to Germany exceeded the volume sent to the second major destination, Hungary (X units), fourfold. The third position in this ranking was taken by Slovakia (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+20.1% per year) and Slovakia (+0.4% per year).

In value terms, Germany ($X) remains the key foreign market for instruments for measuring electrical quantities exports from the Czech Republic, comprising 53% of total exports. The second position in the ranking was held by Slovakia ($X), with a 6.9% share of total exports. It was followed by Italy, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-0.5% per year) and Italy (+103.4% per year).

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, picking up by 2.1% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities export price increased by +43.3% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 23%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Hungary ($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 Poland (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into the Czech Republic

After two years of decline, supplies from abroad of instruments for measuring electrical quantities increased by 141% to X units in 2021. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovakia (X units) constituted the largest instruments for measuring electrical quantities supplier to the Czech Republic, with a 59% share of total imports. Moreover, instruments for measuring electrical quantities imports from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by China (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +73.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and China (-6.9% per year).

In value terms, the largest instruments for measuring electrical quantities suppliers to the Czech Republic were Slovakia ($X), Germany ($X) and Hungary ($X), with a combined 79% share of total imports.

Slovakia, with a CAGR of +76.2%, saw the highest growth rate of the value of imports, in terms of 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 import price for instruments for measuring electrical quantities stood at $X per unit in 2021, reducing by -28.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 62%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then fell dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :