Czech Republic: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in the Czech Republic

In 2022, the Czech tanned or dressed furskins market increased by 263% to $X, rising for the third year in a row after five years of decline. In general, consumption showed a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Exports of Tanned or Dressed Furskins

Exports from the Czech Republic

Tanned or dressed furskins exports from the Czech Republic contracted dramatically to X units in 2022, which is down by -88.4% against 2021 figures. In general, exports faced a deep setback. The growth pace was the most rapid in 2021 when exports increased by 511%. As a result, the exports reached the peak of X units, and then dropped sharply in the following year.

In value terms, tanned or dressed furskins exports declined remarkably to $X in 2022. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 356% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for tanned or dressed furskins exports from the Czech Republic, with a 56% share of total exports. Moreover, tanned or dressed furskins exports to Slovakia exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Bosnia and Herzegovina (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.0% per year) and Bosnia and Herzegovina (-50.5% per year).

In value terms, Slovakia ($X), Germany ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for tanned or dressed furskins exported from the Czech Republic worldwide, together comprising 60% of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +5.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, jumping by 72% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Austria (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tanned or Dressed Furskins

Imports into the Czech Republic

In 2022, overseas purchases of tanned or dressed furskins increased by 41% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 98%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tanned or dressed furskins imports contracted notably to $X in 2022. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest tanned or dressed furskins supplier to the Czech Republic, accounting for a 37% share of total imports. Moreover, tanned or dressed furskins imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. China (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+23.0% per year) and China (-4.2% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) appeared to be the largest tanned or dressed furskins suppliers to the Czech Republic, together comprising 50% of total imports. Austria, Turkey, Argentina, Brazil and Slovakia lagged somewhat behind, together comprising a further 36%.

Austria, with a CAGR of +21.4%, 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 tanned or dressed furskins import price amounted to $X per unit, with a decrease of -39.8% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 72%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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