Czech Republic: Woolen Yarn Market 2024

Woolen Yarn Market Size in the Czech Republic

In 2021, after two years of decline, there was significant growth in the Czech woolen yarn market, when its value increased by 37% to $X. In general, consumption, however, saw a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Woolen Yarn Production in the Czech Republic

In value terms, woolen yarn production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with a decrease of -0.6% against the previous year. Woolen yarn production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Woolen Yarn Exports

Exports from the Czech Republic

In 2021, after five years of decline, there was significant growth in shipments abroad of yarn of wool, when their volume increased by 18% to X tons. Overall, exports, however, showed a slight shrinkage. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports soared to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main destinations of woolen yarn exports from the Czech Republic, together accounting for 73% of total exports. Lithuania, Norway, Sweden and Portugal lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +120.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from the Czech Republic were Italy ($X), Germany ($X) and Austria ($X), with a combined 75% share of total exports. These countries were followed by Lithuania, Norway, Sweden and Portugal, which together accounted for a further 14%.

In terms of the main countries of destination, Portugal, with a CAGR of +113.1%, saw 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 woolen yarn export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($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 Germany (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of yarn of wool, when their volume increased by 25% to X tons. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of woolen yarn to the Czech Republic, accounting for a 58% share of total imports. Moreover, woolen yarn imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.2% per year) and Germany (-3.3% per year).

In value terms, Italy ($X), Austria ($X) and Germany ($X) were the largest woolen yarn suppliers to the Czech Republic, with a combined 88% share of total imports. China lagged somewhat behind, accounting for a further 1.9%.

China, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, with a decrease of -7% against the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 15%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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