Czech Republic: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in the Czech Republic

In 2021, after two years of growth, there was significant decline in the Czech underground continuous-action elevator market, when its value decreased by -41% to $X. In general, consumption continues to indicate a dramatic decrease. Underground continuous-action elevator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in the Czech Republic

In value terms, underground continuous-action elevator production plummeted to $X in 2021 estimated in export price. In general, production recorded a precipitous contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 345% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports from the Czech Republic

In 2021, overseas shipments of underground continuous-action elevators and conveyors were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a significant decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator exports surged to $X in 2021. Overall, exports, however, saw a dramatic shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X units) was the main destination for underground continuous-action elevator exports from the Czech Republic, with a 87% share of total exports. Moreover, underground continuous-action elevator exports to Ukraine exceeded the volume sent to the second major destination, Slovakia (X units), tenfold. The third position in this ranking was taken by Germany (X units), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to Ukraine stood at -42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+44.9% per year) and Germany (-25.0% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from the Czech Republic, comprising 73% of total exports. The second position in the ranking was held by Slovakia ($X), with a 20% share of total exports. It was followed by Germany, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine stood at -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+50.2% per year) and Germany (-23.9% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, surging by 23% against the previous year. In general, the export price enjoyed noticeable growth. The growth pace was the most rapid in 2015 when the average export price increased by 412% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Germany ($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 Ukraine (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Underground Continuous-Action Elevator Imports

Imports into the Czech Republic

In 2021, purchases abroad of underground continuous-action elevators and conveyors was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 398% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports declined sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2014 with an increase of 493% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest underground continuous-action elevator supplier to the Czech Republic, with a 73% share of total imports. Moreover, underground continuous-action elevator imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +870.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Germany (-51.1% per year).

In value terms, Italy ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to the Czech Republic, comprising 73% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Austria, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +344.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Austria (+7.1% per year).

Import Prices by Country

In 2021, the average underground continuous-action elevator import price amounted to $X per unit, declining by -19.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 155%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Germany ($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 (+36.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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