Czech Republic: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in the Czech Republic

For the fifth year in a row, the Czech market for parts of apparatus of hs recorded growth in sales value, which increased by 7.2% to $X in 2021. Overall, consumption, however, saw a remarkable increase. Parts of apparatus of hs consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Parts Of Apparatus Of Hs in the Czech Republic

In value terms, parts of apparatus of hs production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 147% against the previous year. Parts of apparatus of hs production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Parts Of Apparatus Of Hs

Exports from the Czech Republic

Parts of apparatus of hs exports from the Czech Republic skyrocketed to X units in 2021, jumping by 32% compared with the previous year. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs exports expanded remarkably to $X in 2021. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) was the main destination for parts of apparatus of hs exports from the Czech Republic, with a 32% share of total exports. Moreover, parts of apparatus of hs exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. Slovakia (X units) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+39.3% per year) and Slovakia (+13.1% per year).

In value terms, the largest markets for parts of apparatus of hs exported from the Czech Republic were Germany ($X), Slovakia ($X) and the Netherlands ($X), together accounting for 52% of total exports. Italy, Poland, Spain, France, Belgium, China, Russia, the United States, Denmark and Turkey lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, China, with a CAGR of +51.2%, 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

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, with a decrease of -18.7% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +41.4% against 2015 indices. The growth pace was the most rapid in 2020 an increase of 35%. As a result, the export price reached the peak level of $X per unit, and then shrank markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Russia ($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 Italy (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into the Czech Republic

In 2021, the amount of parts of apparatus of hs imported into the Czech Republic expanded sharply to X units, growing by 14% compared with 2020 figures. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, parts of apparatus of hs imports soared to $X in 2021. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to the Czech Republic, with a 34% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.7% per year) and the Netherlands (+52.4% per year).

In value terms, China ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest parts of apparatus of hs suppliers to the Czech Republic, together accounting for 47% of total imports.

The Netherlands, with a CAGR of +66.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for parts of apparatus of hs amounted to $X per unit, surging by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +5.7%. The growth pace was the most rapid in 2013 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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