Czech Republic: Relay Market 2024

Relay Market Size in the Czech Republic

The Czech relay market shrank rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a significant expansion. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Relay Production in the Czech Republic

In value terms, relay production shrank to $X in 2022 estimated in export price. Overall, production showed a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Relay Exports

Exports from the Czech Republic

In 2022, shipments abroad of relays increased by X% to X units, rising for the second consecutive year after two years of decline. The total export volume 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 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, relay exports expanded sharply to $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Poland (X units) were the main destinations of relay exports from the Czech Republic, with a combined X% share of total exports. The Netherlands, Hungary, Spain, Austria, Belgium, China, Italy, Hong Kong SAR, Turkey and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for relays exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by France, with an X% share.

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

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated a perceptible 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, relay export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into the Czech Republic

In 2022, supplies from abroad of relays increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, relay imports amounted to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Austria (X units), Germany (X units) and China (X units) were the main suppliers of relay imports to the Czech Republic, together comprising X% of total imports. Poland, Hungary, Slovakia, the Netherlands, Japan, Portugal, South Korea, France, Italy and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and China ($X) constituted the largest relay suppliers to the Czech Republic, together comprising X% of total imports. Hungary, the Netherlands, Poland, Italy, Japan, France, South Korea, Slovakia, Romania and Portugal lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 relay import price amounted to $X per unit, falling 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 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then declined 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 Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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