Czech Republic: Thermostat Market 2025

Thermostat Market Size in the Czech Republic

In 2021, after four years of decline, there was significant growth in the Czech thermostat market, when its value increased by 954% to $X. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Thermostat Production in the Czech Republic

In value terms, thermostat production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.5%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Thermostat Exports

Exports from the Czech Republic

In 2021, exports of thermostats from the Czech Republic fell to X units, declining by -6.4% on 2020 figures. Overall, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, thermostat exports soared to $X in 2021. Over the period under review, exports, however, enjoyed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for thermostat exports from the Czech Republic, with a 72% share of total exports. Moreover, thermostat exports to Germany exceeded the volume sent to the second major destination, Poland (X units), more than tenfold. Italy (X units) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-6.1% per year) and Italy (-7.0% per year).

In value terms, Germany ($X) remains the key foreign market for thermostats exports from the Czech Republic, comprising 48% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by Poland, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+32.9% per year) and Poland (+2.6% per year).

Export Prices by Country

The average thermostat export price stood at $X per unit in 2021, growing by 74% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($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 Austria (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Thermostat Imports

Imports into the Czech Republic

For the sixth consecutive year, the Czech Republic recorded decline in purchases abroad of thermostats, which decreased by -4.1% to X units in 2021. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when imports increased by 8.3%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, thermostat imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of thermostat to the Czech Republic, with a 73% share of total imports. Moreover, thermostat imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by China (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.3% per year) and China (-12.3% per year).

In value terms, Germany ($X) constituted the largest supplier of thermostats to the Czech Republic, comprising 59% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.5% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.1% per year) and France (-0.2% per year).

Import Prices by Country

The average thermostat import price stood at $X per unit in 2021, surging by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue 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 France ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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