Updated Nov 22, 2022 16:12

Market for Refractory Products of Siliceous or Diatomite Earths in the Czech Republic

Market Overview
The Czech market for refractory products of siliceous or diatomite earths soared to $ in , with an increase of % 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). Overall, consumption saw significant growth. Over the period under review, the market hit record highs in and is likely to continue growth in years to come.


Consumption
Consumption of refractory products of siliceous or diatomite earths in the Czech Republic reached tons in , therefore, remained relatively stable against the previous year's figure. In general, consumption posted a significant expansion. Consumption of peaked in and is likely to see steady growth in years to come.

The size of the market for refractory products of siliceous or diatomite earths in the Czech Republic totaled $ in , picking up 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). Over the period under review, consumption recorded a significant increase. Consumption of peaked in and is expected to retain growth in the near future.


Market Forecast
Driven by increasing demand for refractory products of siliceous or diatomite earths in the Czech Republic, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Refractory products of siliceous or diatomite earths market in the Czech Republic consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The Czech Republic remains a net importer of refractory products of siliceous or diatomite earths; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, 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.