Czech Republic: Cash Register Market 2024

Cash Register Market Size in the Czech Republic

In 2022, the Czech cash register market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Cash register consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cash Register Production in the Czech Republic

In value terms, cash register production fell slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Cash register production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Cash Register Exports

Exports from the Czech Republic

In 2022, the amount of cash registers exported from the Czech Republic soared to X units, picking up by X% compared with 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cash register exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Slovakia (X units) was the main destination for cash register exports from the Czech Republic, with a X% share of total exports. Moreover, cash register exports to Slovakia exceeded the volume sent to the second major destination, Germany (X units), threefold. Austria (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

In value terms, Slovakia ($X), Austria ($X) and Romania ($X) constituted the largest markets for cash register exported from the Czech Republic worldwide, with a combined X% share of total exports. Germany, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, 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 cash register export price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cash register export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Poland ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Cash Register Imports

Imports into the Czech Republic

In 2022, the amount of cash registers imported into the Czech Republic skyrocketed to X units, rising by X% against the previous year's figure. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cash register imports declined to $X in 2022. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest cash register supplier to the Czech Republic, accounting for a X% share of total imports. Moreover, cash register imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, Italy ($X), Germany ($X) and China ($X) were the largest cash register suppliers to the Czech Republic, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average cash register import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced markedly in the following year.

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 Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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