Iron or steel reservoirs and tanks with capacity >300 l market in Czechia

Earlier Report Observations

From 2018 to 2024, the market for iron or steel reservoirs and tanks with a capacity exceeding 300 l in Czechia displayed considerable volatility in value. After starting at $121.4 million in 2018, the market size declined over the next two years to $96.1 million in 2020. A strong rebound followed in 2021, lifting the market to a period peak of $134.4 million.

This growth was abruptly reversed in 2022 when the market contracted sharply to $80.5 million. A partial recovery to $115.1 million occurred in 2023, but the market value decreased again in 2024, settling at $101.1 million, which remained below the initial 2018 level.

Production iron or steel reservoirs and tanks with capacity >300 l in Czechia

In value, 2018-2021, M $ US

Following a two-year decline, production of iron or steel reservoirs and tanks with capacity exceeding 300 liters in Czechia has rebounded. In 2021, output was valued at 204.5 million US dollars, representing a significant 33.6% increase from the previous year. Over the 2018-2021 period, production grew by 3.6%, with a compound annual growth rate of 1.2%. The lowest value was recorded in 2020 at 153.1 million US dollars, which also saw the largest decline of 15.6%.

Annual dynamics of production in Czechia in value, 2018-2021, M $ US

In kind, 2018-2021, t

After two consecutive years of contraction, production of iron or steel reservoirs and tanks with capacity over 300 liters in Czechia has shown improvement. In 2021, Czechia produced 50 928 tons of these products, marking a modest 3.7% increase compared to 2020. However, looking at the broader 2018-2021 timeframe, production actually decreased by 18.1%, with a negative compound annual growth rate of 6.4%. The lowest production volume was recorded in 2020 at 49 103 tons, which also experienced the steepest decline of 12.6%.

Annual dynamics of production in Czechia in kind, 2018-2021, t

Exports iron or steel reservoirs and tanks with capacity >300 l from Czechia

Exports in kind, t

In 2021, Czechia exported 26 441 tons of iron or steel reservoirs and tanks with capacity exceeding 300 liters, representing a 12.4% increase from the previous year. Over the 2018-2021 period, exports grew by 9.9%, translating to an annualized growth rate of 3.2%. The lowest export volume occurred in 2020 at 23 531 tons, while the peak was reached in 2019 with 28 744 tons. The most significant decline of 18.1% was recorded in 2020, whereas 2019 saw the largest increase of 19.5%.

Annual dynamics of product's exports from Czechia in kind, 2018-2021, t

Between 2018 and 2021, Germany, Switzerland, and the Netherlands emerged as the primary destinations for Czech exports of iron or steel reservoirs and tanks with capacity over 300 liters. Germany accounted for 49.9% of total export volume, followed by Switzerland at 8.2% and the Netherlands at 5.5%. Together, these three countries absorbed 63.6% of Czechia's total exports of these products.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Czechia in kind, 2018-2021

Exports in value, M $ US

Czechia's exports of iron or steel reservoirs and tanks with capacity exceeding 300 liters reached 103.0 million US dollars in 2021, reflecting a substantial 25.9% increase from the previous year. Over the 2018-2021 period, export value grew by 9.3%, with a compound annual growth rate of 3.0%. The lowest export value was recorded in 2020 at 81.8 million US dollars, while the peak occurred in 2019 at 106.6 million US dollars. The most significant decline of 23.3% was observed in 2020.

Annual dynamics of product's exports from Czechia in value, 2018-2021, M $ US

From 2018 to 2021, Germany, Switzerland, and Slovakia were the leading markets for Czech exports of iron or steel reservoirs and tanks with capacity over 300 liters in value terms. Germany accounted for 38.8% of total export value, followed by Switzerland at 8.5% and Slovakia at 7.1%. Collectively, these three countries represented 54.4% of Czechia's total export flows for these products.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Czechia in value, 2018-2021

Imports iron or steel reservoirs and tanks with capacity >300 l to Czechia

Imports in kind, t

Import volumes of iron or steel reservoirs and tanks with capacity exceeding 300 liters into Czechia showed considerable volatility during the observed period. In 2021, imports amounted to 22 911 tons, representing a dramatic 76.4% decrease from the previous year. The peak import volume was recorded in 2020 at 96 993 tons, while the lowest occurred in 2018. The difference between these years was substantial, with 2020 imports being 16 times higher than those in 2018. The most significant increase of 601.4% was recorded in 2020.

Annual dynamics of product's imports to Czechia in kind, 2018-2021, t

Between 2018 and 2021, Austria dominated Czech imports of iron or steel reservoirs and tanks with capacity over 300 liters, accounting for 82.0% of total import volume. Other source countries played relatively minor roles in comparison.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Czechia in kind, 2018-2021

Imports in value, M $ US

In 2021, Czechia imported 32.9 million US dollars worth of iron or steel reservoirs and tanks with capacity exceeding 300 liters, marking a sharp 32.7% increase year-over-year. Over the 2018-2021 period, import value grew significantly by 79.5%, with a compound annual growth rate of 21.5%. The most substantial decline of 10.7% occurred in 2020, while 2019 saw the largest increase of 51.4%.

Annual dynamics of product's imports to Czechia in value, 2018-2021, M $ US

Throughout 2018-2021, Germany, the Netherlands, and Poland formed the core group of source countries for Czech imports of iron or steel reservoirs and tanks with capacity over 300 liters in value terms. Germany accounted for 22.0% of total import value, followed by the Netherlands at 17.0% and Poland at 11.8%. Together, these three countries represented 50.8% of Czechia's total import flows for these products.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Czechia in value, 2018-2021