Czech Republic: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in the Czech Republic

In 2021, the Czech market for pneumatic or hydraulic hand tools increased by 33% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in the Czech Republic

In value terms, pneumatic or hydraulic hand tool production surged to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 99%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from the Czech Republic

In 2021, shipments abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 16%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Slovakia (X tons) and Hungary (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from the Czech Republic, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Hungary ($X) appeared to be the largest markets for pneumatic or hydraulic hand tool exported from the Czech Republic worldwide, together accounting for 61% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +10.9%, recorded 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 export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into the Czech Republic

In 2021, purchases abroad of pneumatic or hydraulic hand tools increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to the Czech Republic, accounting for a 56% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by Sweden (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Sweden (+1.8% per year).

In value terms, China ($X), Germany ($X) and Sweden ($X) appeared to be the largest pneumatic or hydraulic hand tool suppliers to the Czech Republic, with a combined 69% share of total imports. These countries were followed by Poland, the United States, Italy, the Netherlands and Slovakia, which together accounted for a further 18%.

In terms of the main suppliers, Poland, with a CAGR of +39.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, waning by -2.2% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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