The Czech Republic's aluminium market volume reached 561.72 million kilograms in 2023, with a year-on-year increase of 1.76%. Over the previous five years, the compound annual growth rate (CAGR) was a modest 0.43%, indicating steady, albeit slow, growth.
Key Observations:
- The most significant recent year-on-year increase occurred in 2022, at 6.92%.
- Market volume experienced a noteworthy dip in 2019 with a decline of 6.81%.
- From 2013 to 2023, the aluminum market experienced fluctuating growth, highlighted by two significant spikes in 2014 and 2018.
Future Trends to Watch: As the economy progresses into 2024 and beyond, market dynamics could be influenced by factors such as technological advancements in recycling, shifts in supply chain strategies, and potential policy changes regarding sustainability and emissions. Monitoring these aspects can provide insight into further opportunities or challenges in the aluminium industry.
How does the Czech Republic rank in Aluminium Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,408,200,000 | 2023 | +0.83% | -0.58% | View data |
| 2 | 2 Italy | 3,489,000,000 | 2023 | +0.62% | -0.32% | View data |
| 3 | 3 France | 2,678,000,000 | 2023 | +3.22% | +3.73% | View data |
| 4 | 4 Poland | 1,733,000,000 | 2023 | +4.27% | +3.38% | View data |
| 5 | 5 United Kingdom | 1,187,100,000 | 2023 | +0.12% | -0.81% | View data |
| 6 | 6 Austria | 930,720,000 | 2023 | +6.5% | +1.16% | View data |
| 7 | 7 Slovakia | 644,540,000 | 2023 | +3.57% | +1.73% | View data |
| 8 | 8 Czech Republic | 561,720,000 | 2023 | +1.76% | +0.43% | |
| 9 | 9 Hungary | 364,220,000 | 2023 | -12.8% | -8.36% | View data |
| 10 | 10 Portugal | 292,520,000 | 2023 | +2.41% | +1.58% | View data |
