Czech Republic: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the Czech Republic

In 2021, the Czech metal broaching machine market decreased by -84.7% to $X, falling for the fourth year in a row after two years of growth. In general, consumption faced a dramatic downturn. Metal broaching machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in the Czech Republic

In value terms, metal broaching machine production contracted modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 2.3% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Metal Broaching Machine Exports

Exports from the Czech Republic

In 2021, approx. X units of broaching machines for working metal were exported from the Czech Republic; with an increase of 115% on the year before. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 146% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal broaching machine exports surged to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 316% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for metal broaching machine exports from the Czech Republic, with a 95% share of total exports. Moreover, metal broaching machine exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-11.8% per year) and Turkey (-14.3% per year).

In value terms, Slovakia ($X) remains the key foreign market for broaching machines for working metal exports from the Czech Republic, comprising 92% of total exports. The second position in the ranking was held by Turkey ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-20.3% per year) and Hungary (-25.1% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, with a decrease of -44.9% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 261% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Hungary ($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 Slovakia (+1.1%), while the prices for the other major destinations experienced a decline.

Metal Broaching Machine Imports

Imports into the Czech Republic

In 2021, imports of broaching machines for working metal into the Czech Republic fell rapidly to X units, which is down by -35% compared with 2020. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 1,843%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports fell remarkably to $X in 2021. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 5,237%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and Poland (X units) were the main suppliers of metal broaching machine imports to the Czech Republic, together accounting for 85% of total imports. Moreover, metal broaching machine imports in Germany exceeded the figures recorded by the second-largest supplier, Italy, twofold.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +2.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of broaching machines for working metal to the Czech Republic, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Poland, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +84.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-25.7% per year) and Poland (0.0% per year).

Import Prices by Country

In 2021, the average metal broaching machine import price amounted to $X per unit, reducing by -26.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 548% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank rapidly in the following year.

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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+33.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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