Silicone Market Overview in the Czech Republic
In value terms, silicone production declined to $ in 2019 estimated in export prices. Overall, production, however, saw a remarkable increase. The growth pace was the most rapid in 2009 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
The revenue of the silicone market in the Czech Republic amounted to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the near future.