Czech Republic: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in the Czech Republic

The Czech electric soldering iron market soared to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, enjoyed a prominent expansion. Electric soldering iron consumption peaked in 2023 and is expected to retain growth in the near future.

Electric Soldering Iron Production in the Czech Republic

In value terms, electric soldering iron production amounted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2016 with an increase of X,800% against the previous year. Electric soldering iron production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Electric Soldering Iron Exports

Exports from the Czech Republic

In 2023, the amount of electric soldering irons and guns exported from the Czech Republic reduced notably to X units, which is down by X% against the year before. Overall, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, electric soldering iron exports contracted remarkably to $X in 2023. Over the period under review, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electric soldering iron exports from the Czech Republic, with a X% share of total exports. Moreover, electric soldering iron exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was held by Vietnam (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for electric soldering iron exported from the Czech Republic were Slovakia ($X), Germany ($X) and Poland ($X), together accounting for X% of total exports. Bulgaria, Hungary, Latvia, the Netherlands, Vietnam and Lithuania lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average electric soldering iron export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into the Czech Republic

In 2023, purchases abroad of electric soldering irons and guns decreased by X% to X units, falling for the second consecutive year after ten years of growth. Overall, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports reduced to $X in 2023. In general, total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Germany (X units) constituted the largest supplier of electric soldering iron to the Czech Republic, with a X% share of total imports. Moreover, electric soldering iron imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Poland (X units), with an X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of electric soldering irons and guns to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

Import Prices by Country

The average electric soldering iron import price stood at $X per unit in 2023, rising by X% against the previous year. In general, the import price enjoyed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform