Czech Republic: Plough Market 2024

Plough Market Size in the Czech Republic

In 2022, the Czech plough market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, faced a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plough Production in the Czech Republic

In value terms, plough production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Plough production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plough Exports

Exports from the Czech Republic

For the third consecutive year, the Czech Republic recorded growth in overseas shipments of ploughs for agricultural purposes, which increased by X% to X units in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, plough exports rose to $X in 2022. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Austria (X units) was the main destination for plough exports from the Czech Republic, accounting for a X% share of total exports. Moreover, plough exports to Austria exceeded the volume sent to the second major destination, Germany (X units), twofold. France (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 Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, Austria ($X), Germany ($X) and France ($X) appeared to be the largest markets for plough exported from the Czech Republic worldwide, with a combined X% share of total exports. Poland, Russia, Australia, Hungary, Slovakia, Bulgaria, Italy, Croatia, Ukraine and Moldova lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to 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 plough export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and Croatia ($X per unit), while the average price for exports to Hungary ($X per unit) and Austria ($X per unit) were amongst the lowest.

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

Plough Imports

Imports into the Czech Republic

In 2022, overseas purchases of ploughs for agricultural purposes increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plough imports amounted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest plough supplier to the Czech Republic, accounting for a X% share of total imports. Moreover, plough imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X units), twofold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Austria (X% per year).

In value terms, Germany ($X) constituted the largest supplier of ploughs for agricultural purposes to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

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

Import Prices by Country

The average plough import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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