Czech Republic: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in the Czech Republic

In 2022, after four years of decline, there was significant growth in the Czech gearboxes and speed changers market, when its value increased by X% to $X. Overall, consumption, however, showed a pronounced descent. Gearboxes and speed changers consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in the Czech Republic

In value terms, gearboxes and speed changers production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from the Czech Republic

In 2022, after five years of growth, there was significant decline in shipments abroad of gearboxes and speed changers, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, gearboxes and speed changers exports reduced sharply to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for gearboxes and speed changers exports from the Czech Republic, with a X% share of total exports. Moreover, gearboxes and speed changers exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), ninefold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for gearboxes and speed changers exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into the Czech Republic

Gearboxes and speed changers imports into the Czech Republic shrank slightly to X tons in 2022, waning by X% against 2021. In general, total imports indicated temperate growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest gearboxes and speed changers supplier to the Czech Republic, with a X% share of total imports. Moreover, gearboxes and speed changers imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by China (X tons), with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of gearboxes and speed changers to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average gearboxes and speed changers import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Denmark ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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