According to the initial data released by the Czech Statistics Office on February 7, the bilateral trade volume between China and the Czech Republic in 2021 will be US$38.3 billion, a year-on-year increase of 14.2%, accounting for 8.7% of the Czech Republic's total foreign trade. Among them, the Czech Republic's exports to China were US$3 billion, a year-on-year increase of 12.3%, accounting for 1.3% of the Czech Republic's total exports; the Czech Republic's imports from China were US$35.3 billion, a year-on-year increase of 14.3%, accounting for 16.7% of the Czech Republic's total imports; the Czech side had a trade deficit of 32.3 billion Dollar.
The Czech Republic has a developed industrial base as a European country. Dongqi Crane has achieved nothing in the process of trying to open up the Czech crane market, and has not reached a crane cooperation project in the past 2021. Although we regret this, we will continue to work hard to open up the Czech crane market and win the recognition of customers with high-quality products and services. This article will speculate on the development direction of Czech cranes in 2022 from the development and changes of the Czech overhead crane market
Before we start discussing the aerial crane market in Czech, we have a few small questions that need to be answered first. Let’s take a look
The Czech Overhead Crane Market contracted significantly to $X in 2020, down -X% compared to the previous year. Overall, however, consumption continued to show a modest contraction. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. As a result, spending reached the highest level of X dollars. In 2019-2020, market growth failed to regain momentum.
In value terms, the production of overhead cranes in 2020 contracted to an estimated $X at export prices. During the period under review, production volumes declined significantly. The most significant growth rate occurred in 2008, with an X% year-on-year increase. As a result, production peaked at X dollars. From 2009 to 2020, the output growth rate remained at a low level.
Overhead crane exports from the Czech Republic jumped to X units in 2020, an increase of X% compared to 2019 figures. Overall, exports have seen real growth. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. During the period under review, exports hit an all-time high in 2020 and are expected to keep growing in the near future.
Overhead crane exports surged to $X in 2020 by value. Overall, exports showed a moderate decline. The fastest growth in 2018, with exports up X% year-on-year. During the period under review, exports hit an all-time high of $X in 2009; however, from 2010 to 2020, exports have been at lower levels.
Germany (X units) is the main destination for the Czech Republic's exports of overhead cranes, accounting for X% of total exports. In addition, exports of overhead cranes to Germany are four times higher than exports to the second largest destination, Austria (X units). In third place is Slovakia (X units) with an X% share. From 2007 to 2020, the average annual growth rate of freight traffic to Germany reached +X%. Exports to other major destinations recorded the following average annual export growth rates: Austria (+X% per annum) and Slovakia (+X% per annum).
Germany ($X) remains the main foreign market for Czech Republic bridge crane exports in value terms, accounting for X% of total exports. In second place is Slovakia ($X) with X% of total exports. It is followed by Austria with an X% share. From 2007 to 2020, the average annual value growth rate for Germany was relatively modest. Exports to other major destinations recorded the following average annual export growth rates: Slovakia (+X% per annum) and Austria (+X% per annum).
In 2020, approximately X fixed-support overhead cranes were imported into the Czech Republic; an increase of X% over the previous year. However, during the period under review, imports showed a relatively flat trend pattern. The fastest growth was recorded in 2018, with imports increasing by X% year-on-year. As a result, imports peaked at X units. Import growth remained low in 2019-20.
In value terms, 2020 overhead crane imports edged down to $X. But overall, imports have fallen sharply. The fastest growth was recorded in 2018, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth remained low in 2019-20.
In 2020, the Netherlands (X units) was the largest supplier of overhead cranes to the Czech Republic, accounting for X% of total imports. In addition, the number of overhead cranes imported from the Netherlands was five times higher than that recorded by the second largest supplier, Russia (X units). Germany (X units) ranks third in terms of total imports with an X% share. From 2007 to 2020, the average annual growth rate of sales from the Netherlands was +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Russia (-X% per annum) and Germany (-X% per annum).
Germany ($X) is the largest supplier of overhead cranes to the Czech Republic by value, accounting for X% of total imports. In second place is Russia ($X) with X% of total imports. It is followed by the Netherlands with an X% share. From 2007 to 2020, the average annual value growth rate from Germany was -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Russia (-X% per annum) and the Netherlands (+X% per annum).
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