Czech Republic: Magnetic Media Market 2024

Magnetic Media Market Size in the Czech Republic

In 2021, the Czech magnetic media market increased by 262% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Magnetic Media Production in the Czech Republic

In value terms, magnetic media production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Magnetic Media Exports

Exports from the Czech Republic

In 2021, after two years of decline, there was significant growth in overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe, when their volume increased by 154% to X units. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 171% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, magnetic media exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2014 when exports increased by 183% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for magnetic media exports from the Czech Republic, accounting for a 31% share of total exports. Moreover, magnetic media exports to Germany exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was held by China (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.7% per year) and China (+286.1% per year).

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest markets for magnetic media exported from the Czech Republic worldwide, with a combined 67% share of total exports. The UK, China, Saudi Arabia, Poland, Japan, Austria, Slovakia, Singapore and Hungary lagged somewhat behind, together comprising a further 16%.

China, with a CAGR of +191.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, falling by -51.6% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hungary ($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 France (+1.2%), while the prices for the other major destinations experienced a decline.

Magnetic Media Imports

Imports into the Czech Republic

In 2021, purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe increased by 111% to X units, rising for the second year in a row after two years of decline. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnetic media imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 99% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Germany (X units) and the UK (X units) were the main suppliers of magnetic media imports to the Czech Republic, together accounting for 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest magnetic media suppliers to the Czech Republic were Japan ($X), Germany ($X) and the UK ($X), with a combined 88% share of total imports.

Among the main suppliers, the UK, with a CAGR of +20.3%, saw the highest rates of growth with regard to 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 2021, the average magnetic media import price amounted to $X per unit, waning by -44.6% against the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62%. The import price peaked at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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