Czech Republic: Pump For Liquid Market 2024

Pump For Liquid Market Size in the Czech Republic

After five years of growth, the Czech pump for liquid market decreased by -5% to $X in 2021. Over the period under review, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Pump For Liquid Production in the Czech Republic

In value terms, pump for liquid production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 127%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Pump For Liquid Exports

Exports from the Czech Republic

In 2021, the amount of pumps for liquids and liquid elevators exported from the Czech Republic skyrocketed to X units, growing by 51% on the previous year. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 18%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for pump for liquid exports from the Czech Republic, with a 34% share of total exports. Moreover, pump for liquid exports to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by the UK (X units), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.3% per year) and the UK (+14.3% per year).

In value terms, Germany ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from the Czech Republic, comprising 39% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.6% share of total exports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.3% per year) and China (+10.7% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, waning by -26.2% against the previous year. In general, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 5.8%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 Spain (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into the Czech Republic

In 2021, pump for liquid imports into the Czech Republic was estimated at X units, surging by 7.4% on the previous year's figure. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 46% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, pump for liquid imports soared to $X in 2021. The total import value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest pump for liquid supplier to the Czech Republic, with a 40% share of total imports. Moreover, pump for liquid imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.4% per year) and Turkey (+102.5% per year).

In value terms, Germany ($X) constituted the largest supplier of pumps for liquids and liquid elevators to the Czech Republic, comprising 37% of total imports. The second position in the ranking was taken by Romania ($X), with a 7.4% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+48.3% per year) and Italy (+6.4% per year).

Import Prices by Country

In 2021, the average pump for liquid import price amounted to $X per unit, picking up by 9.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform