Czech Republic: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in the Czech Republic

In 2022, the Czech metal screw hook market increased by 23% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Screw Hook Production in the Czech Republic

In value terms, metal screw hook production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by 52%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Screw Hook Exports

Exports from the Czech Republic

In 2022, shipments abroad of iron or steel screw hooks and screw rings decreased by -16.7% to X tons, falling for the fourth consecutive year after seven years of growth. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 72%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports dropped to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 65%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for metal screw hook exports from the Czech Republic, with a 43% share of total exports. Moreover, metal screw hook exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), threefold. Austria (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.9% per year) and Austria (+4.7% per year).

In value terms, Slovakia ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from the Czech Republic, comprising 29% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.1% per year) and Austria (+11.1% per year).

Export Prices by Country

In 2022, the average metal screw hook export price amounted to $X per ton, picking up by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into the Czech Republic

In 2022, purchases abroad of iron or steel screw hooks and screw rings increased by 13% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal screw hook imports skyrocketed to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal screw hook to the Czech Republic, with a 43% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Sweden (+12.2% per year).

In value terms, the largest metal screw hook suppliers to the Czech Republic were Germany ($X), China ($X) and Sweden ($X), together comprising 75% of total imports. South Korea, the Netherlands, Turkey, Italy, Poland and Austria lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Turkey, with a CAGR of +54.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal screw hook import price amounted to $X per ton, increasing by 8.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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