Czech Republic: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in the Czech Republic

The Czech ride-on compaction equipment market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ride-On Compaction Equipment Production in the Czech Republic

In value terms, ride-on compaction equipment production expanded sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2015 when the production volume increased by 78% against the previous year. 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.

Ride-On Compaction Equipment Exports

Exports from the Czech Republic

In 2022, approx. X units of ride-on compaction equipment were exported from the Czech Republic; falling by -4% compared with the previous year. In general, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +42.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports stood at $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), the United States (X units) and France (X units) were the main destinations of ride-on compaction equipment exports from the Czech Republic, with a combined 44% share of total exports. Hungary, the UK, Poland, Slovakia, Spain, Germany, Australia, Belgium, Austria and Russia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +62.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for ride-on compaction equipment exports from the Czech Republic, comprising 26% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Australia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.0% per year) and Australia (-9.0% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, picking up by 8.3% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Slovakia ($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 the United States (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into the Czech Republic

In 2022, imports of ride-on compaction equipment into the Czech Republic skyrocketed to X units, increasing by 23% compared with the previous year. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ride-on compaction equipment imports reached $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +38.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 59% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of ride-on compaction equipment to the Czech Republic, accounting for a 87% share of total imports. Moreover, ride-on compaction equipment imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was held by Bulgaria (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.0% per year) and Bulgaria (+59.3% per year).

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to the Czech Republic, comprising 76% of total imports. The second position in the ranking was taken by the UK ($X), with a 4.2% share of total imports. It was followed by Bulgaria, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.5% per year) and Bulgaria (+37.6% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, which is down by -18.5% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 an increase of 76%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+123.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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