Czech Republic: Shipping Market 2024

Shipping Market Size in the Czech Republic

In 2021, the Czech shipping market decreased by -19.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a buoyant increase. Shipping consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Shipping Production in the Czech Republic

In value terms, shipping production fell rapidly to $X in 2021 estimated in export price. In general, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 158%. Over the period under review, production reached the peak level at $X in 2020, and then reduced dramatically in the following year.

Shipping Exports

Exports from the Czech Republic

In 2021, shipping exports from the Czech Republic rose remarkably to X units, increasing by 15% against the previous year's figure. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 200% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, shipping exports shrank notably to $X in 2021. In general, exports saw a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of 111% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Germany (X units), Austria (X units) and Norway (X units) were the main destinations of shipping exports from the Czech Republic, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +239.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from the Czech Republic, comprising 66% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total exports. It was followed by Austria, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +189.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-4.3% per year) and Austria (+43.7% per year).

Export Prices by Country

In 2021, the average shipping export price amounted to $X per unit, which is down by -66.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 64%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($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 Iraq (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into the Czech Republic

In 2021, approx. X units of ships, vessels, ferry-boats for the transport of persons were imported into the Czech Republic; declining by -66.7% on the previous year. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 160% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, shipping imports dropped notably to $X in 2021. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 3,134%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units) and Slovakia (X units) were the main suppliers of shipping imports to the Czech Republic.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of -11.5%).

In value terms, Germany ($X) constituted the largest supplier of ships, vessels, ferry-boats for the transport of persons to the Czech Republic, comprising 97% of total imports. The second position in the ranking was held by Slovakia ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-80.1% per year) and the United States (-47.8% per year).

Import Prices by Country

In 2021, the average shipping import price amounted to $X per unit, with an increase of 58% against the previous year. Overall, the import price recorded a significant expansion. The growth pace was the most rapid in 2015 when the average import price increased by 2,876% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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