Czech Republic: Metal Washer Market 2024

Metal Washer Market Size in the Czech Republic

In 2021, the Czech metal washer market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Metal washer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Production in the Czech Republic

In value terms, metal washer production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports from the Czech Republic

In 2021, overseas shipments of iron or steel washers decreased by -18.2% to X tons, falling for the third year in a row after three years of growth. In general, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% 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 -38.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main destinations of metal washer exports from the Czech Republic, together accounting for 47% of total exports. These countries were followed by Hungary, Belgium, Sweden, the Netherlands, Romania, Switzerland, China, Italy and Austria, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +53.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Slovakia ($X) appeared to be the largest markets for metal washer exported from the Czech Republic worldwide, with a combined 45% share of total exports. These countries were followed by Hungary, Poland, Sweden, the Netherlands, China, Austria, Italy, Switzerland and Romania, which together accounted for a further 38%.

In terms of the main countries of destination, Sweden, with a CAGR of +57.5%, recorded the highest rates of growth with regard to 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

The average metal washer export price stood at $X per ton in 2021, jumping by 35% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal washer export price increased by +90.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Romania ($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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into the Czech Republic

In 2021, overseas purchases of iron or steel washers increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal washer imports soared to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal washer to the Czech Republic, with a 47% share of total imports. Moreover, metal washer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.2% per year) and Spain (+13.0% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel washers to the Czech Republic, comprising 51% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.6% share of total imports. It was followed by Spain, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.9% per year) and Spain (+11.8% per year).

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, growing by 2.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9.8%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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