Czech Republic: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the Czech Republic

In 2021, the Czech market for parts of harvester and threshers decreased by -47.3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption saw a pronounced decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Parts Of Harvester And Threshers in the Czech Republic

In value terms, parts of harvester and threshers production soared to $X in 2021 estimated in export price. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 148%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from the Czech Republic

In 2021, shipments abroad of parts of harvester and threshers was finally on the rise to reach X units after two years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X units) was the main destination for parts of harvester and threshers exports from the Czech Republic, with a 59% share of total exports. Moreover, parts of harvester and threshers exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by France (X units), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+5.1% per year) and France (-4.8% per year).

In value terms, Germany ($X) remains the key foreign market for parts of harvester and threshers exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was held by Austria ($X), with a 15% share of total exports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+7.9% per year) and France (+1.4% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, with an increase of 7.2% against the previous year. Over the last nine years, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 when the average export price increased by 29% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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 Russia ($X per unit), while the average price for exports to Austria ($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 Germany (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into the Czech Republic

Parts of harvester and threshers imports into the Czech Republic soared to X units in 2021, rising by 27% compared with the year before. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.1% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Austria (X units), Germany (X units) and Italy (X units) were the main suppliers of parts of harvester and threshers imports to the Czech Republic, with a combined 61% share of total imports. These countries were followed by the United States, Poland, Slovakia, China, Bulgaria, Hungary, Turkey, France and Sweden, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +136.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the largest parts of harvester and threshers suppliers to the Czech Republic, together comprising 56% of total imports. These countries were followed by the United States, Poland, France, Hungary, Slovakia, Sweden, China, Bulgaria and Turkey, which together accounted for a further 29%.

Bulgaria, with a CAGR of +96.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, declining by -8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Turkey ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform