Czech Republic: Working Wire Machine Market 2024

Working Wire Machine Market Size in the Czech Republic

In 2021, the Czech working wire machine market increased by 1,424% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Working Wire Machine Production in the Czech Republic

In value terms, working wire machine production totaled $X in 2021 estimated in export price. Overall, production showed a significant decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 821%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from the Czech Republic

In 2021, exports of machines for working wire from the Czech Republic declined notably to X units, falling by -46.2% on the previous year's figure. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 20,140%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, working wire machine exports plummeted to $X in 2021. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 197%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for working wire machine exports from the Czech Republic, accounting for a 67% share of total exports. Moreover, working wire machine exports to Brazil exceeded the volume sent to the second major destination, Slovakia (X units), fourfold. The third position in this ranking was taken by Switzerland (X units), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled -31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-50.6% per year) and Switzerland (-48.6% per year).

In value terms, Brazil ($X) emerged as the key foreign market for machines for working wire exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total exports. It was followed by Slovakia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Slovakia (-5.5% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, reducing by -10% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 8,348%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to France ($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 the UK (+198.5%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into the Czech Republic

In 2021, supplies from abroad of machines for working wire decreased by -40.4% to X units, falling for the third year in a row after three years of growth. In general, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 71% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, working wire machine imports contracted slightly to $X in 2021. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 85%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of working wire machine to the Czech Republic, with a 72% share of total imports. Moreover, working wire machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. China (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.5% per year) and China (+19.6% per year).

In value terms, Germany ($X) constituted the largest supplier of machines for working wire to the Czech Republic, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 7.2% share of total imports. It was followed by Switzerland, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.3% per year) and Switzerland (+4.5% per year).

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, jumping by 65% against the previous year. Overall, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 93% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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