Czech Republic: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the Czech Republic

In 2022, the Czech reaction initiators and accelerators market decreased by -35.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a resilient increase. Reaction initiators and accelerators consumption peaked at $X in 2021, and then fell sharply in the following year.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the Czech Republic

In value terms, reaction initiators and accelerators production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 110%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from the Czech Republic

Reaction initiators and accelerators exports from the Czech Republic soared to X tons in 2022, with an increase of 85% on 2021 figures. In general, exports saw a perceptible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, reaction initiators and accelerators exports surged to $X in 2022. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2019 with an increase of 169% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

South Africa (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of reaction initiators and accelerators exports from the Czech Republic, together comprising 72% 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 South Africa (with a CAGR of +121.0%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from the Czech Republic, comprising 70% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by South Africa, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.9% per year) and South Africa (+111.4% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, reducing by -31.9% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 91%. The export price peaked at $X per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into the Czech Republic

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -3.5% to X tons, falling for the second consecutive year after four years of growth. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports reduced dramatically to $X in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to the Czech Republic, with a 56% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by North Macedonia (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+54.7% per year) and North Macedonia (+8.0% per year).

In value terms, the largest reaction initiators and accelerators suppliers to the Czech Republic were Poland ($X), Germany ($X) and Japan ($X), together accounting for 68% of total imports. South Africa, the UK, North Macedonia, Slovakia, France, Estonia, Italy and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Estonia, with a CAGR of +287.1%, saw 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

The average reaction initiators and accelerators import price stood at $X per ton in 2022, dropping by -25.6% against the previous year. In general, the import price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of 90% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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