Czech Republic: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in the Czech Republic

The Czech cast iron household articles market expanded notably to $X in 2022, increasing by 6.4% against the previous year. Overall, consumption saw pronounced growth. Cast iron household articles consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Table, Kitchen Or Household Articles Of Cast Iron in the Czech Republic

In value terms, cast iron household articles production reduced modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 22% against the previous year. Cast iron household articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from the Czech Republic

In 2022, after two years of growth, there was decline in shipments abroad of table, kitchen or household articles of cast iron, when their volume decreased by -3.2% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 64%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell slightly in the following year.

In value terms, cast iron household articles exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Germany (X tons) was the main destination for cast iron household articles exports from the Czech Republic, with a 69% share of total exports. Moreover, cast iron household articles exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.5% per year) and the Netherlands (+135.5% per year).

In value terms, Germany ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from the Czech Republic, comprising 66% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 8.7% share of total exports. It was followed by Poland, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-1.1% per year) and Poland (+15.9% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, falling by -17.4% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into the Czech Republic

For the third year in a row, the Czech Republic recorded growth in purchases abroad of table, kitchen or household articles of cast iron, which increased by 17% to X tons in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, cast iron household articles imports contracted to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cast iron household articles to the Czech Republic, accounting for a 87% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +32.1%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to the Czech Republic, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with an 8.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +26.3%.

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, declining by -16.2% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.3%).

Source: IndexBox Platform

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