Czech Republic: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in the Czech Republic

After two years of growth, the Czech polishes for coachwork market decreased by -22.7% to $X in 2022. In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in the Czech Republic

In value terms, polishes for coachwork production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 269%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from the Czech Republic

In 2022, approx. X tons of polishes for coachwork were exported from the Czech Republic; reducing by -6.8% on 2021. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 61%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports fell sharply to $X in 2022. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 88%. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Germany (X tons), Slovakia (X tons) and Poland (X tons) were the main destinations of polishes for coachwork exports from the Czech Republic, together comprising 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polishes for coachwork exported from the Czech Republic were Germany ($X), Slovakia ($X) and Poland ($X), with a combined 77% share of total exports. Austria, Hungary and Romania lagged somewhat behind, together comprising a further 9%.

Austria, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average polishes for coachwork export price amounted to $X per ton, declining by -14.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 47%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into the Czech Republic

In 2022, imports of polishes for coachwork into the Czech Republic fell remarkably to X tons, which is down by -16.8% against the previous year. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, polishes for coachwork imports reduced rapidly to $X in 2022. In general, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 when imports increased by 36%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of polishes for coachwork imports to the Czech Republic, together comprising 72% of total imports. The Netherlands, Slovakia, the UK, Turkey, the United States and Belgium lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +71.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of polishes for coachwork to the Czech Republic, comprising 41% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.9% per year) and Turkey (+98.1% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, waning by -12.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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