Period 2007-2019
Overview of the Market for Pile And Chenille Fabric in the Czech Republic |
Market Overview
For the eleventh year in a row, the Czech pile and chenille fabric market recorded growth in sales value, which increased by 
% to $ in 2019. In general, consumption recorded a significant increase. The growth pace was the most rapid in 2009 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in the immediate term.
In value terms, pile and chenille fabric production contracted to $ in 2019 estimated in export prices. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
% to $ in 2019. In general, consumption recorded a significant increase. The growth pace was the most rapid in 2009 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in the immediate term.In value terms, pile and chenille fabric production contracted to $
in 2019 estimated in export prices. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
For the ninth year in a row, the Czech Republic recorded growth in consumption of woven pile fabrics and chenille fabrics, which increased by % to tonnes in 2019. Overall, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2009 when the consumption volume increased by % against the previous year. Over the period under review, consumption reached the maximum volume in 2019 and is expected to retain growth in years to come.
The value of the pile and chenille fabric market in the Czech Republic rose significantly to $ in 2019, surging 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). In general, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2009 when the market value increased by % against the previous year. The Czech Republic consumption peaked in 2019 and is expected to retain growth in the immediate term.
% to tonnes in 2019. Overall, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2009 when the consumption volume increased by % against the previous year. Over the period under review, consumption reached the maximum volume in 2019 and is expected to retain growth in years to come.The value of the pile and chenille fabric market in the Czech Republic rose significantly to $
in 2019, surging 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). In general, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2009 when the market value increased by % against the previous year. The Czech Republic consumption peaked in 2019 and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for pile and chenille fabric in the Czech Republic, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Pile and chenille fabric market in the Czech Republic consists almost entirely of imported products.
Trade Balance
The Czech Republic remains a net importer of pile and chenille fabric; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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