Seals; Mechanical Price in the Czech Republic - 2023

Seals; Mechanical Price in the Czech Republic (FOB) - 2022

The average seals; mechanical export price stood at $3.2 per unit in 2022, which is down by -37% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 96%. The export price peaked at $5.5 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9.4 per unit), while the average price for exports to the Netherlands ($1.4 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 the United States (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Seals; Mechanical Price in the Czech Republic (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $4.7 per unit, which is down by -2.1% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seals; mechanical import price decreased by -9.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $5.2 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($20 per unit), while the price for Poland ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in the Czech Republic

In 2022, exports of seals; mechanicals from the Czech Republic skyrocketed to 19M units, increasing by 54% against 2021 figures. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports reduced to $61M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 9.1% against the previous year. Over the period under review, the exports hit record highs at $63M in 2021, and then shrank modestly in the following year.

Export of Seals; Mechanical in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	7.3	6.7	7.9	10.6	13.2%
United Kingdom	12.2	12.8	11.2	9.4	-8.3%
United States	3.2	4.3	4.4	4.5	12.0%
Finland	4.1	4.1	3.4	4.1	0.0%
France	2.9	3.3	2.9	4.1	12.2%
Italy	4.4	4.3	2.8	3.8	-4.8%
China	2.7	3.8	4.0	3.2	5.8%
Spain	1.6	1.5	1.3	2.2	11.2%
Japan	1.3	1.8	2.7	1.8	11.5%
Poland	0.5	0.6	0.7	1.5	44.2%
Netherlands	1.0	0.4	0.5	0.9	-3.5%
United Arab Emirates	4.7	5.5	7.4	N/A	25.5%
Others	9.6	11.4	13.4	14.6	15.0%
Total	55.5	60.6	62.7	60.7	3.0%

Top Export Markets for Seals; Mechanical from the Czech Republic in 2022:

United Arab Emirates (undefinedM units)
Germany (6.7M units)
Italy (2.3M units)
France (1.8M units)
United Kingdom (1.3M units)
Spain (1.3M units)
Finland (0.8M units)
Poland (0.7M units)
Netherlands (0.6M units)
United States (0.5M units)
China (0.5M units)
Japan (0.3M units)

Seals; Mechanical Imports in the Czech Republic

In 2022, imports of seals; mechanicals into the Czech Republic expanded significantly to 7.2M units, with an increase of 9.4% compared with the previous year. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports expanded remarkably to $34M in 2022. In general, imports, however, recorded a mild decline. Over the period under review, imports reached the maximum at $36M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Seals; Mechanical in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	8.5	9.2	9.7	10.1	5.9%
Mexico	2.9	2.6	3.0	3.7	8.5%
United States	1.9	1.7	1.7	2.5	9.6%
Sweden	2.3	2.3	2.4	2.2	-1.5%
China	1.9	1.9	2.3	1.8	-1.8%
Italy	1.1	0.5	0.9	1.6	13.3%
France	1.6	0.9	2.8	1.6	0.0%
United Kingdom	7.7	6.3	1.2	1.5	-42.0%
Netherlands	1.1	0.9	0.9	1.2	2.9%
Poland	0.2	0.2	0.3	0.5	35.7%
Taiwan (Chinese)	0.5	0.4	0.4	0.3	-15.7%
Slovakia	0.3	0.2	0.3	0.3	0.0%
Malta	N/A	0.1	0.2	0.2	41.4%
Others	6.1	5.9	6.0	6.8	3.7%
Total	36.0	32.9	31.9	34.2	-1.7%