Czech Republic: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in the Czech Republic

In 2022, the Czech refrigerated show-cases market decreased by -31.1% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Refrigerated Show-Cases Production in the Czech Republic

In value terms, refrigerated show-cases production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 113%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Refrigerated Show-Cases Exports

Exports from the Czech Republic

In 2022, after four years of growth, there was significant decline in shipments abroad of refrigerated show-caseses, when their volume decreased by -8.5% to X units. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 95% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, refrigerated show-cases exports dropped to $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Germany (X units) was the main destination for refrigerated show-cases exports from the Czech Republic, with a 36% share of total exports. Moreover, refrigerated show-cases exports to Germany exceeded the volume sent to the second major destination, Poland (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.9% per year) and Slovakia (+16.4% per year).

In value terms, Germany ($X) remains the key foreign market for refrigerated show-caseses exports from the Czech Republic, comprising 39% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by Poland, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.6% per year) and Poland (+8.2% per year).

Export Prices by Country

The average refrigerated show-cases export price stood at $X per unit in 2022, waning by -1.7% against the previous year. Over the period under review, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-2.9%), while the prices for the other major destinations experienced a decline.

Refrigerated Show-Cases Imports

Imports into the Czech Republic

After three years of decline, overseas purchases of refrigerated show-caseses increased by 4.4% to X units in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerated show-cases imports contracted sharply to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +10.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerated show-cases to the Czech Republic, with a 44% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. Turkey (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+15.4% per year) and Turkey (+6.6% per year).

In value terms, the largest refrigerated show-cases suppliers to the Czech Republic were Italy ($X), China ($X) and Poland ($X), with a combined 49% share of total imports. Austria, Turkey, Romania, Denmark, Germany and Lithuania lagged somewhat behind, together accounting for a further 35%.

Romania, with a CAGR of +10.6%, 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

In 2022, the average refrigerated show-cases import price amounted to $X per unit, shrinking by -18.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31%. As a result, import price attained the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform