Czech Republic: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in the Czech Republic

After two years of decline, the Czech metal self-locking nut market increased by 14% to $X in 2021. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Self-Locking Nut Production in the Czech Republic

In value terms, metal self-locking nut production contracted to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13% against the previous year. Metal self-locking nut production peaked at $X in 2020, and then contracted modestly in the following year.

Metal Self-Locking Nut Exports

Exports from the Czech Republic

In 2021, the amount of iron or steel nuts (including self-locking nuts) exported from the Czech Republic totaled X tons, with an increase of 5.2% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 30% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports surged to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.9% against 2019 indices. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of metal self-locking nut exports from the Czech Republic, with a combined 61% share of total exports. These countries were followed by Romania, Hungary, Russia, Italy, Switzerland, Austria, Spain and Bulgaria, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +30.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal self-locking nut exported from the Czech Republic were Germany ($X), Slovakia ($X) and Poland ($X), with a combined 55% share of total exports. Hungary, Russia, Romania, Italy, Austria, Switzerland, Bulgaria and Spain lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Hungary, with a CAGR of +19.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal self-locking nut export price amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal self-locking nut export price increased by +92.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 37%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Switzerland ($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 Bulgaria (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was growth in purchases abroad of iron or steel nuts (including self-locking nuts), when their volume increased by 2.7% to X tons. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% 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 -27.4% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 29%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and South Korea (X tons) were the main suppliers of metal self-locking nut imports to the Czech Republic, with a combined 61% share of total imports. France, Poland, Austria, Italy, Slovakia, Japan, Taiwan (Chinese), the Netherlands and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to the Czech Republic, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 9.1% share of total imports. It was followed by South Korea, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.1% per year) and South Korea (-0.3% per year).

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2021, growing by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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