Czech Republic: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in the Czech Republic

For the third consecutive year, the Czech market for wiring sets used in vehicles, aircraft or ships recorded growth in sales value, which increased by 8.2% to $X in 2021. Overall, consumption, however, saw strong growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in the Czech Republic

In value terms, production of wiring sets used in vehicles, aircraft or ships rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 126% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from the Czech Republic

In 2021, shipments abroad of wiring sets used in vehicles, aircraft or ships was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -42.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 47% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships reached $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

Germany (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from the Czech Republic, accounting for a 72% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Germany exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. Hungary (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-3.0% per year) and Hungary (+15.8% per year).

In value terms, Germany ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from the Czech Republic, comprising 64% of total exports. The second position in the ranking was taken by Austria ($X), with an 8% share of total exports. It was followed by Hungary, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.0% per year) and Hungary (+14.0% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2020, and then dropped slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into the Czech Republic

Imports of wiring sets used in vehicles, aircraft or ships into the Czech Republic stood at X tons in 2021, leveling off at the year before. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.4% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 18% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.6% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Romania (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to the Czech Republic, with a combined 63% share of total imports. These countries were followed by Bulgaria, Austria, Serbia, Spain, Ukraine, Poland and Tunisia, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +423.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Romania ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to the Czech Republic, with a combined 55% share of total imports. Bulgaria, Austria, Serbia, Spain, Ukraine, Poland and Tunisia lagged somewhat behind, together accounting for a further 32%.

Serbia, with a CAGR of +366.3%, saw the highest growth rate of the value of imports, among 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 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with an increase of 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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