Czech Republic: Prepared Binders Market 2024

Prepared Binders Market Size in the Czech Republic

For the third consecutive year, the Czech prepared binders market recorded growth in sales value, which increased by 14% to $X in 2021. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value 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, consumption increased by +80.0% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Prepared Binders Production in the Czech Republic

In value terms, prepared binders production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13%. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Prepared Binders Exports

Exports from the Czech Republic

In 2021, shipments abroad of prepared binders for foundry moulds or cores decreased by -27.6% to X tons, falling for the third year in a row after seven years of growth. Overall, exports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2015 when exports increased by 53% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports expanded remarkably to $X in 2021. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 41%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of prepared binders exports from the Czech Republic, with a combined 45% share of total exports. Russia, Austria, Belarus, Ukraine, Mongolia and Turkey lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +83.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Austria ($X) constituted the largest markets for prepared binders exported from the Czech Republic worldwide, with a combined 41% share of total exports. These countries were followed by Poland, Belarus, Slovakia, Mongolia, Ukraine and Turkey, which together accounted for a further 51%.

In terms of the main countries of destination, Belarus, with a CAGR of +85.0%, 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

The average prepared binders export price stood at $X per ton in 2021, surging by 45% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared binders export price increased by +70.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was significant growth in purchases abroad of prepared binders for foundry moulds or cores, when their volume increased by 28% to X tons. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared binders imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of prepared binders to the Czech Republic, accounting for a 80% share of total imports. Moreover, prepared binders imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.5% per year) and Poland (+33.9% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to the Czech Republic, comprising 68% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.3% per year) and Poland (+30.4% per year).

Import Prices by Country

In 2021, the average prepared binders import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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