Czech Republic: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in the Czech Republic

For the third consecutive year, the Czech grinding and sharpening machine market recorded growth in sales value, which increased by 26% to $X in 2022. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +137.7% against 2017 indices. Grinding and sharpening machine consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in the Czech Republic

In value terms, grinding and sharpening machine production soared to $X in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,067% against the previous year. Grinding and sharpening machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from the Czech Republic

Grinding and sharpening machine exports from the Czech Republic fell notably to X units in 2022, shrinking by -18% on the previous year. In general, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 66%. The exports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, grinding and sharpening machine exports expanded sharply to $X in 2022. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2019 with an increase of 30%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of grinding and sharpening machine exports from the Czech Republic, together accounting for 70% of total exports. Hungary, Austria, Lithuania, the Netherlands, Latvia, Denmark and China lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Slovakia ($X) constituted the largest markets for grinding and sharpening machine exported from the Czech Republic worldwide, together comprising 40% of total exports.

Denmark, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, growing by 29% against the previous year. In general, the export price, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into the Czech Republic

In 2022, purchases abroad of grinding and sharpening metal finishing machines increased by 12% to X units, rising for the fifth year in a row after three years of decline. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, grinding and sharpening machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units) and Germany (X units) were the main suppliers of grinding and sharpening machine imports to the Czech Republic.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.7%).

In value terms, the largest grinding and sharpening machine suppliers to the Czech Republic were Germany ($X) and China ($X).

China, with a CAGR of +7.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, surging by 13% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :