Czech Republic: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in the Czech Republic

In 2022, after two years of growth, there was significant decline in the Czech stone polishing machine market, when its value decreased by -44.6% to $X. Over the period under review, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Stone Polishing Machine Production in the Czech Republic

In value terms, stone polishing machine production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 13%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Stone Polishing Machine Exports

Exports from the Czech Republic

Stone polishing machine exports from the Czech Republic rose notably to X units in 2022, with an increase of 11% on the year before. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 144% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, stone polishing machine exports expanded sharply to $X in 2022. Over the period under review, exports posted slight growth. The pace of growth was the most pronounced in 2021 with an increase of 103%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Denmark (X units) was the main destination for stone polishing machine exports from the Czech Republic, with a 59% share of total exports. Moreover, stone polishing machine exports to Denmark exceeded the volume sent to the second major destination, France (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+38.5% per year) and Slovakia (-6.0% per year).

In value terms, Denmark ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from the Czech Republic, comprising 60% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Denmark amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.7% per year) and Germany (-15.1% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Belarus (-1.9%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into the Czech Republic

In 2022, after two years of growth, there was significant decline in supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -50.9% to X units. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 291%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stone polishing machine imports dropped notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 123% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Italy (X units), Germany (X units) and France (X units) were the main suppliers of stone polishing machine imports to the Czech Republic, together accounting for 71% of total imports. China, Switzerland, South Korea, Sweden and Austria lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to the Czech Republic, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by France, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.7% per year) and France (+2.5% per year).

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, dropping by -9.5% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2017 an increase of 249% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :