Czech Republic: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in the Czech Republic

The Czech steering wheels and columns market shrank to $X in 2022, dropping by -14% against the previous year. Overall, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Steering Wheels, Steering Columns And Steering Boxes in the Czech Republic

In value terms, steering wheels and columns production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 106%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from the Czech Republic

In 2022, approx. X tons of steering wheels, steering columns and steering boxes were exported from the Czech Republic; dropping by -2.6% on 2021 figures. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 30% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, steering wheels and columns exports declined to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 36%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of steering wheels and columns exports from the Czech Republic, together comprising 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Hungary ($X) and Romania ($X) constituted the largest markets for steering wheels and columns exported from the Czech Republic worldwide, together accounting for 56% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +30.0%, recorded the highest growth rate of 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

In 2022, the average steering wheels and columns export price amounted to $X per ton, shrinking by -11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovakia ($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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into the Czech Republic

In 2022, steering wheels and columns imports into the Czech Republic totaled X tons, standing approx. at 2021 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 19%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, steering wheels and columns imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of steering wheels and columns imports to the Czech Republic, together comprising 61% of total imports. South Korea, Romania, Thailand, Italy, China, Slovakia, India, Japan and Spain lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +65.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Poland ($X) constituted the largest steering wheels and columns suppliers to the Czech Republic, together comprising 55% of total imports. France, South Korea, Slovakia, Thailand, China, Japan, Spain, Italy and India lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Thailand, with a CAGR of +55.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steering wheels and columns import price stood at $X per ton in 2022, with a decrease of -12.8% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.8%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Romania ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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