Czech Republic: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in the Czech Republic

In 2021, the Czech wood bending machine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption recorded perceptible growth. Wood bending machine consumption peaked in 2021 and is likely to see steady growth in the near future.

Wood Bending Machine Production in the Czech Republic

In value terms, wood bending machine production totaled $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Wood Bending Machine Exports

Exports from the Czech Republic

In 2021, overseas shipments of bending or assembling machines decreased by -86.9% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 896% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 303% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X units), France (X units) and Russia (X units) were the main destinations of wood bending machine exports from the Czech Republic, together accounting for 57% of total exports. These countries were followed by Belgium, Sweden, the UK, Germany, Romania and Hungary, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for bending or assembling machines exports from the Czech Republic, comprising 25% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Sweden, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.3% per year) and Sweden (+85.2% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, increasing by 1,407% against the previous year. In general, the export price showed significant growth. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+10,352.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into the Czech Republic

In 2021, purchases abroad of bending or assembling machines decreased by -42.1% to X units, falling for the second year in a row after three years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood bending machine imports soared to $X in 2021. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 106%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest wood bending machine supplier to the Czech Republic, with a 62% share of total imports. Moreover, wood bending machine imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was held by China (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-1.9% per year) and China (+17.7% per year).

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the largest wood bending machine suppliers to the Czech Republic, with a combined 97% share of total imports. These countries were followed by the UK, China and France, which together accounted for a further 1.7%.

China, with a CAGR of +57.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, picking up by 111% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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