Czech Republic Home Decor Market Shipment Analysis
Czech Republic Home Decor Market registered a decline of -28.16% in value shipments in 2022 as compared to 2021 and an increase of 24.31% CAGR in 2022 over a period of 2017. In Home Decor Market Czech Republic is becoming less competitive as HHI index in 2022 was 5671 while in 2017 it was 1782. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Czech Republic has reportedly relied more on domestic production to meet its growing demand in Home Decor Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Home Decor Market in 2022 was 0.06 while in 2017 it was 0.01. Italy, USA, United Kingdom (UK), Germany and China were among the top players of the market in 2022, where Italy acquired the largest market share of 74.52% with a shipment value of 0.33 million USD in 2022 Italy also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 28.98% with the shipment value of 0.05 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
