Czech Republic: Sails Market 2024

Sails Market Size in the Czech Republic

The Czech sails market skyrocketed to $X in 2022, rising by 24% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.8% against 2020 indices. Sails consumption peaked in 2022 and is expected to retain growth in the near future.

Sails Production in the Czech Republic

In value terms, sails production fell to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.1% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 85% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sails Exports

Exports from the Czech Republic

In 2022, overseas shipments of sails decreased by -45.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 279% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, sails exports declined remarkably to $X in 2022. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 273%. Over the period under review, the exports hit record highs at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Poland (X tons), France (X tons) and Austria (X kg) were the main destinations of sails exports from the Czech Republic, together comprising 58% of total exports. Germany, Spain, Sweden, Slovakia, Hungary, the Netherlands, Italy, Greece, the United States and Romania lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sails exported from the Czech Republic were France ($X), Poland ($X) and Germany ($X), together comprising 57% of total exports. Austria, the Netherlands, Hungary, Italy, Spain, the United States, Greece, Sweden, Slovakia and Romania lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Greece, with a CAGR of +86.2%, saw the highest growth rate of 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 sails export price stood at $X per ton in 2022, growing by 46% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sails export price increased by +48.7% against 2020 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($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 Greece (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into the Czech Republic

In 2022, purchases abroad of sails increased by 237% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 751% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sails imports surged to $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 373%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest sails supplier to the Czech Republic, with a 70% share of total imports. Moreover, sails imports from Slovakia exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), sixfold. Poland (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +160.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+27.1% per year) and Poland (+38.9% per year).

In value terms, the Philippines ($X) constituted the largest supplier of sails to the Czech Republic, comprising 49% of total imports. The second position in the ranking was held by Slovakia ($X), with a 19% share of total imports. It was followed by Sri Lanka, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Philippines totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+76.5% per year) and Sri Lanka (+33.5% per year).

Import Prices by Country

In 2022, the average sails import price amounted to $X per ton, falling by -60.5% against the previous year. In general, the import price showed a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 119%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+429.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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